Under the new tax reform laws, reverse mortgage interest is not deductible. A reverse mortgage is home equity debt. The new laws only provides for deducting home equity interest if the money is used to buy, build, or improve a home.
That wasn't his question. A 1098 for a reverse mortgage would potentially show an insurance fee that is deductible.
Incorrect. P.L. 116-94, Division Q, Revenue Provisions, section 102, retroactively extends the applicability of section 163(h)(3)(E) for tax years 2018 and 2019, and through tax year 2020, to provide for the deductibility of mortgage insurance premiums (MIP). Use Form 1098, Mortgage Interest Statement, to report MIP aggregating $600 or more, that you received during the calendar year in the course of your trade or business from an individual, including a sole proprietor.