topic Can I deduct money paid on a reverse mortgage ? I took $20K out of a 401K to make the difference because the appraisal was $20K low. in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-money-paid-on-a-reverse-mortgage-i-took-20k-out-of-a-401k-to-make-the-difference/01/2522557#M240166 Mon, 09 Mar 2026 04:56:50 GMT JimSommer49 2026-03-09T04:56:50Z Can I deduct money paid on a reverse mortgage ? I took $20K out of a 401K to make the difference because the appraisal was $20K low. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-money-paid-on-a-reverse-mortgage-i-took-20k-out-of-a-401k-to-make-the-difference/01/2522557#M240166 Mon, 09 Mar 2026 04:56:50 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-money-paid-on-a-reverse-mortgage-i-took-20k-out-of-a-401k-to-make-the-difference/01/2522557#M240166 JimSommer49 2026-03-09T04:56:50Z Re: Can I deduct money paid on a reverse mortgage ? I took $20K out of a 401K to make the difference because the appraisal was $20K low. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-deduct-money-paid-on-a-reverse-mortgage-i-took-20k-out-of-a-401k-to-make-the-difference/01/2522686#M240191 <P>you can not deduct the $20K.&nbsp;</P> <P>&nbsp;</P> Fri, 25 Feb 2022 20:34:40 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-deduct-money-paid-on-a-reverse-mortgage-i-took-20k-out-of-a-401k-to-make-the-difference/01/2522686#M240191 Mike9241 2022-02-25T20:34:40Z Re: Can I deduct money paid on a reverse mortgage ? I took $20K out of a 401K to make the difference because the appraisal was $20K low. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-deduct-money-paid-on-a-reverse-mortgage-i-took-20k-out-of-a-401k-to-make-the-difference/01/2522721#M240194 <P>Thanks for the reply.</P> Fri, 25 Feb 2022 20:41:40 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-deduct-money-paid-on-a-reverse-mortgage-i-took-20k-out-of-a-401k-to-make-the-difference/01/2522721#M240194 JimSommer49 2022-02-25T20:41:40Z