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Yes. The mortgage insurance premium that you pay for your reverse mortgage is deductible in the year paid, as long it is NOT prepaid mortgage insurance, and the following requirements are met:
If this is prepaid mortgage insurance, please refer to page 8 of pub 936, under the heading, "special rules for prepaid mortgage insurance" for additional information.
IRS Publication does not mention reverse mortgages when discussing if mortgage insurance premiums for 2019 is deductible (box 5 of Form 1098 for reverse mortgage).
Have you claimed this before on previous tax years? This is our first year using TurboTax.
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