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New Member
posted Jul 14, 2020 1:48:28 PM

How do I enter my mortgage information for a Reverse Mortgage?

I refinanced this year (2020) with a new Reverse Mortgage Loan.

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1 Replies
Expert Alumni
Jul 14, 2020 2:08:32 PM

The income you receive from a reverse mortgage is not taxable. Plus, there is no tax event for this in 2019 since the refi occurred in 2020.