Reverse Mortgage

[thetaxman2200]

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

[Edward]

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

[ddoshan]

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.