@gkulesza Yes to both questions.
Mortgage Insurance Premiums (Often called Points) are included on your Schedule A (Itemized Deductions). They are usually amortized over the life of the loan, but if you sell the house they will flow through and be fully deductible
You will have to pay off any outstanding loan in a reverse mortgage, plus the accrued interest. That interest will be included on your Schedule A for that tax year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
