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According to IRS Pub 936 Mortgage Interest page 5, "Any interest (including original issue discount) accrued on a reverse mortgage is considered home equity debt and isn’t deductible."
So, if you received a 1098 for your reverse mortgage, this is not reportable or deductible.
According to IRS Pub 936 Mortgage Interest page 5, "Any interest (including original issue discount) accrued on a reverse mortgage is considered home equity debt and isn’t deductible."
So, if you received a 1098 for your reverse mortgage, this is not reportable or deductible.
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