Judy Walden, Home Buyer in Springfield, MO

I have a reverse mortage can I take the interest off my taxes?

Asked by Judy Walden, Springfield, MO Mon Feb 6, 2012

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Maryann Heany, Agent, Overland Park, KS
Mon Feb 6, 2012
The proceeds from a reverse mortgage are not considered income and are not taxable. Furthermore, the interest on reverse mortgage can be tax deductible when it is repaid. Consult a tax advisor for more information.

Maryann Heany
Keller Williams Realty
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