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.

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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.

you can not deduct the $20K.

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.

Thanks for the reply.

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