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April 16, 2023
Question

Do I have to report both 1098s if I itemize?

  • April 16, 2023
  • 1 reply
  • 0 views

I bought a second home (vacation) last year.  My primary home was bought in 2014.  I have more than enough deductions to itemize.  But I noticed that with the way mortgage interest on 2 properties (one pre-2017, one post-2017) is handled, I'd be able to deduct more mortgage interest if I only reported my 1098 from my primary residence.  Do I have to report both 1098s if I itemize?

    1 reply

    KrisD15
    April 17, 2023

    No, you are not REQUIRED to claim interest on both homes, however I don't know why only one would result in a bigger deduction. 

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