Mortgage interest and outstanding principal

We are filing MFS and will be splitting the mortgage interest deduction from BOX 1 on 1098. Do we also need to split the reported Outstanding Mortgage Principal in BOX 2?

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Mortgage interest and outstanding principal

Yes, if you’re splitting the mortgage interest deduction between two Married Filing Separately returns, you should split the mortgage balance shown in Box 2 the same way for consistency.

Publication 936 (2025), Home Mortgage Interest Deduction

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Mortgage interest and outstanding principal

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