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February 4, 2022
Question

We have a reverse mortgage. Can we count the $5,000 mortgage interest they add to our home every year?

  • February 4, 2022
  • 1 reply
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Can we deduct the $5000 mortgage intertest added to reverse mortgage?

1 reply

Employee
February 4, 2022

No.  The interest on a reverse mortgage isn’t deductible until you actually pay it, which is usually when you pay the loan in full.