Taxes?
If I complete a reverse mortgage, will these funds be considered taxable income by the federal/local government? by JesseM33 from Sarasota, Florida. May 26th 2010
Matt Baker NMLS#190779 (MattBaker)
#31 ranked lender in Arizona - 75 contributions
Nope, you are good.
Akali Dennie (adennie)
#54 ranked lender in Florida - 196 contributions
I concur. The funds WILL NOT be considered taxable income. Hope this helps.
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