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Investors & landlords
Do NOT enter the 1098, only enter the portion of interest for each as an expenses.
Since the loan is not secured by either rental, and was not used for your main home, the interest is only a rental expense and not Home Mortgage Interest.
A 1098 is only required to claim Home Mortgage Interest.
In your situation, entering the 1098 could cause confusing for the program.
Allocate the interest proportionately to the rentals.
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March 26, 2023
12:39 PM