Hello,
In 2022 I purchased a home for rental property. On the closing statement I have two lines of interest. 1) is for the interest for the rest of the month that was included in my 1098 from my new mortgage computer. 2) is listed as interest on principal balance under payoff charges.
The second one I do not know where to declare it as an interest expense. Should I have recieved 1098 from the loan company that was paid off or do I just include the interest in the cost-basis of the rental property?
