Level 1
This widget could not be displayed.

Deductions & credits

We took out first reverse mortgage in 2015 and due to inflation took advantage of a refi with new lender in 2017 still using reverse mortgage,  Interest is $9400, Insurance is $10500 on the 1098 reported by the first lender.  Our income is more than the total of these deduction amounts.  Are we legally allowed to deduct?