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Investors & landlords
Yes
If the lender did not issue two 1098 Forms, you will need to allocate the proper amount of interest to the rental.
The percentage in your example would be correct.
Yes, the full amount of interest before the re-fi would be allowed since it all relates to the rental.
If you are able to manually compute the interest, enter that amount on the 1098 input screen.
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March 18, 2022
5:02 AM