Can I deduct mortgage insurance premiums on a reverse mortgage?

[Mike9241]

did the charge go into your escrow account? if so it's not deductible.  you get the deduction when the money is taken out of escrow to pay the premium.

[RozV086]

I am so confused! I know I can't deduct interest on my reverse mortgage, but am confused about line 5 Mortgage insurance premiums.  Some say I can deduct that, but depends.  Depends on two different things (I can't remember what they are)....so what are they and what do they mean? 

[RozV086]

how do I know if my reverse mortgage insurance premiums are acquisition indebtedness and not home equity indebtedness. 

[MayaD]

The itemized deduction for mortgage insurance premiums has expired. You can no longer claim the deduction for 2022. Irs.gov

[RozV086]

Thank you.  I don't understand why they even send me a 1098!   Just to confuse me!!! LOL

[KrisD15]

Additionally, they wouldn't be considered "Acquisition Indebtedness"  because you didn't pay fees in order to take out a loan to buy the house.