Reverse Mortgage PMI and Interest

bobp1426 · ‎March 2, 2020

For a Reverse Mortgage, if I make a partial repayment that covers the interest and PMI on a reverse mortgage accumulated in the year, is the interest and PMI deductible in the year I make the partial Repayment?

LeonardS · ‎March 3, 2020

Yes, the interest and PMI you paid in 2019 is deductible on your 2019 tax return.

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View solution in original post

LeonardS · ‎March 3, 2020

Yes, the interest and PMI you paid in 2019 is deductible on your 2019 tax return.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Reverse Mortgage PMI and Interest