I have a reverse mortgage on our home can i deduct property taxes

posted

Connect with an expert

1 Best answer

Accepted Solutions

I have a reverse mortgage on our home can i deduct property taxes

Yes, if you personally pay the property taxes.

When you take out a reverse mortgage, the title to your home remains with you and you continue to live in the home. You must continue to pay for repairs, property insurance, and taxes.

Related information:

View solution in original post

1 Reply

I have a reverse mortgage on our home can i deduct property taxes

Yes, if you personally pay the property taxes.

When you take out a reverse mortgage, the title to your home remains with you and you continue to live in the home. You must continue to pay for repairs, property insurance, and taxes.

Related information:

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post