Skip to main content
March 15, 2024
Question

Where do I post property taxes on a reverse mortgage?

  • March 15, 2024
  • 1 reply
  • 0 views
I pay taxes on a reverse mortgage but don't get a 1098. where do I post these taxes?

1 reply

March 15, 2024

You can deduct property taxes on your residence as an itemized deduction. It will only benefit you if your itemized deductions are more than your standard deduction. You enter it in the Deductions and Credits section of TurboTax, then Your Home, then Property Taxes:

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"