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karenanne1950
New Member

My 1098 is with regards to a reverse mortgage. It is referred to as a HECM not a HELOC . Does this change anything

 
2 Replies
DavidD66
Expert Alumni

My 1098 is with regards to a reverse mortgage. It is referred to as a HECM not a HELOC . Does this change anything

The interest in your reverse mortgage is not tax deductible unless and until pay off the loan.  That's because you aren't actually paying the interest, it's just accruing.  

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micaloca
Returning Member

My 1098 is with regards to a reverse mortgage. It is referred to as a HECM not a HELOC . Does this change anything

Hello, I am a former J1 student in 2018 summer work and travel program. I would like to ask about my tax return. I've tried to file it yesterday and still waiting for the approval. My friend which is a J1 student of 2018 program got a $1,200 from their tax refund yesterday. Am I still eligible for it? Thank you.

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