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1098 Reverse Mortgage
We had our first reverse mortgage October 2019 and refinanced with a 2nd reverse mortgage June 2021. I just received a 1098 from both lenders, which happen to be the same lender but in different states.
My question is do I file the two 1098s on my tax return because there are mortgage insurance premiums and what about the outstanding mortgage principal, two different amounts. Do I file a 1098 only once or both separately and add the amounts or what?
BTW, never had to do this until now.
‎February 21, 2022
4:23 PM