- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
It depends. You can deduct amounts you paid for qualified mortgage insurance premiums on a reverse mortgage. However, the insurance contract must have been issued on January 1st of 2007 or later, and that the reverse mortgage debt itself must be classified as acquisition indebtedness and not home equity indebtedness.
‎June 5, 2019
12:01 PM