You are correct. You can answer 'No' to the question about having any 1098s. The IRS does get a copy of the form because it's required.
Because reverse mortgages are considered loan advances and not income, the amount you receive isn't taxable. Any interest (including original issue discount) accrued on a reverse mortgage is considered home equity debt and isn’t deductible.
When reverse mortgage borrowers make payments, they're issued a 1098 statement, typically generated when a reverse mortgage loan is repaid partial or in full.
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