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February 11, 2020
Question

We are financing a reverse mortgage for a neighbor on 24/7 oxygen. Can we deduct the monthly payments to him?

  • February 11, 2020
  • 1 reply
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1 reply

KathrynG3
February 11, 2020

No, it is not deductible for you or for your neighbor. For your neighbor, please see this article Is reverse mortgage interest deductible