My form 1098 has no amount in box 2 or box 3 to enter in TurboTax. What should I do?

[linda5386]

Mortgage interest on Form 1098 is from a Reverse Mortgage that was paid off after Mom died (6-28-18) and her house sold 8-27-18.

[KrisD · Accepted solution]

You don't need to enter the 1098 since the interest is not deductible. 

According to the IRS:

"Reverse mortgages. A reverse mortgage is a loan where the lender pays you (in a lump sum, a monthly advance, a line of credit, or a combination of all three) while you continue to live in your home. With a reverse mortgage, you retain title to your home. Depending on the plan, your reverse mortgage becomes due with interest when you move, sell your home, reach the end of a preselected loan period, or die. Because reverse mortgages are considered loan advances and not income, the amount you receive isn't taxable. Any interest (including original is-sue discount) accrued on a reverse mortgage is considered home equity debt and isn’t deductible."

https://www.irs.gov/pub/irs-pdf/p936.pdf

[Chopper1965]

The reverse mortgage has been paid off.  Can I deduct the mortgage interest and mortgage insurance premiums listed on the 1098 that I received?

[DianeC958]

No,  those are not tax-deductible items for you.

Link to more information about Reverse Mortgages