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I have had a reverse mortgage on my home for 6 yrs. When I sell my home can I claim the interest on my Tax Return?

by edwardcaragliano754 from , California. Nov 23rd 2015 Reply


Jesse Stroup (jessestroup)
#4 ranked lender in Idaho - 593 contributions

This is a great question for your CPA; you should be able to. But a great idea to ask your CPA.

Nov 24th 2015
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#58 ranked lender in Georgia - 807 contributions

It would make sense, but 100% that is your accountant or CPA"s call....

Nov 24th 2015
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

More info needed.. but in general, mortgage interest is tax deductible so long as you're within a certain tax bracket... but as others have said, this is a great question for your CPA.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Nov 24th 2015
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