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I need to apply mortgage interest to the home office. I used it for 8 months only. I added 2 mortgage records and split interest. What about other fields from 1098?

Help recommends to create separate mortgage records one for 8 months and another one for rest 4 months, split interest correspondingly and then check one for 8 months for the home office. The problem is that when I create 2 mortgages it asks about other fields from 1098 form and I have only one that form. How to input all of that boxes? Should I put the same values to both mortgages or split it somehow?
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1 Reply
PatriciaV
Employee Tax Expert

I need to apply mortgage interest to the home office. I used it for 8 months only. I added 2 mortgage records and split interest. What about other fields from 1098?

Yes, enter the header information from Form 1098 for both entries. Split the interest in Box 1 between the two. Any additional fields should be entered only on the copy for the months without the home office. These values are used in the mortgage interest limitation calculation for Schedule A.

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