I have a second home in a foriegn country and pay mortage interest to a foriegn entity.
I understand I can generally deduct on Schedula A my mortage interest on a second home but the IRS istructions for 1040 Schedule A Line 11 says I can be fined $50 for not suppling the EIN number for mortage inetrest not on a 1098 form. This foreign entity does not have an EIN and does not do business in the US. What is the story? Also my tax software will not let me proceed without an EIN.