i have a client with around 5 properties with 5 mortgages.
Property A - 1 million dollar mortgage - princ residence - mtg originated in 2019
Property B - 1 million dollar mtg - what used to be her princ residence - refinanced in middle of 2019
Property C - 500k mtg - property at the shore - also refinanced in middle of year
Property D - shares a coop with her Mom for 4 mos in 2019, 100k mtg in her name.
Do i even have to list anything beyond property A on my tax return?....the debt is well over the 750k...and at most..you get to deduct mortgage on primary home and secondary home?
or
will not listing all these cause a problem bc the irs can't tie out the 1098's?