Announcement

Collapse
No announcement yet.

Reverse Mortgage

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Reverse Mortgage

    This is the fist time I have seen one of these.

    I am assuming there is not interest (Mortgage) for a deduction, save to assume that?

    Thanks

    #2
    What IRS Form was used to report this info to the taxpayer?

    Comment


      #3
      I beleive there would be no interest deduction in connection with a reverse mortgage untill the contract is settled such as when the home is sold or something like that. Suspect the Pub. on home mortgage interest explains these situations.

      Comment

      Working...
      X