So the primary address would be mentioned, and the interest of the secondary residence would just be added to the interest amount entered for the primary residence?
Could you please refer to IRS form/document and where do I enter that information in Turbo Tax 2011, if you are familiar with the software.
OK. So the two addresses need to be mentioned on Schedule A?
Where does the combined interest go then?
I am a bit confused. You are saying that I need to "itemize" and then you are saying that I lump the two interests together.
So the two interests get lump together and reported on line 10 of Schedule A for 2011?
Ok. I am looking at TurboTax Deluxe online and I am at the Deductions and Credits screen. I click on the Explore on my Own. It takes me to Your Home. I click on Mortgage Interest start or update so I can edit it. It brings up a screen that shows the list of the lender that I have already entered and the interest I have already entered. Then it says Add a Lender at the bottom of the list. I can click on that and add another Lender and add that Lender's interest. It then takes me to the list again that now shows I have two lenders and totals the mortgage interest I have paid to both lenders. I hope this helps you. Stephanie