I have a Reverse Mortgage. Do I have to fill out anything on my taxes?

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I have a Reverse Mortgage. Do I have to fill out anything on my taxes?

No - unless property taxes (real estate taxes) are part of your payment. Then you can claim them on your Schedule A.

Mortgage interest is deducted in the year it is paid. With a reverse mortgage, the interest is not paid until the loan is paid off.

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