Posted on: 14th Mar, 2009 10:48 am
What part of the closing on a Reverse Mortgage can I claim on my Fed. Income Tax Return?...Can I claim the Origination Fee and the Initial Mortgage Insurance Premium on my Federal Income Tax Return?
Welcome shirley,
As far as I know, you will be able to claim closing costs and mortgage insurance premium but only for the year that you close. However, I would suggest you to contact a tax adviser and take his opinion on this issue.
As far as I know, you will be able to claim closing costs and mortgage insurance premium but only for the year that you close. However, I would suggest you to contact a tax adviser and take his opinion on this issue.