IreneS
Intuit Alumni

Deductions & credits

Yes, since you paid off the first reverse mortgage.

Any interest  accrued on a reverse mortgage is not deductible until you actually pay it ( usually when you pay off the loan in full).  This is what you did when you refinanced.



**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post