- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@PoconoRick see my response to your other post.
I disagree with the expert that the repayment of the interest on the reverse mortgage is deductible, unless the monthly payments received previously were use to buy, build, or substantially improve the home that secures the loan.
a reverse mortgage is a type of home equity loan and must follow those rule for interest deductibility.
‎April 18, 2025
2:22 PM