- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Due to a 2017 reverse mortgage refi, can we deduct Mortgage interest/insurance paid from our 2017 IRS tax return because we received a 1098 from the former lender?
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?
Topics:
‎June 6, 2019
8:55 AM