With a reverse mortgage, interest isn’t deductible until it’s actually paid, usually when the loan is repaid (sale, move-out, or death). Fees like origination, ...
With a reverse mortgage, interest isn’t deductible until it’s actually paid, usually when the loan is repaid (sale, move-out, or death). Fees like origination, ...
You cannot immediately deduct the $500 you paid for the appraisal from your taxes if you have a reverse mortgage. Most closing costs and fees, including apprais...
