RE Market Update April 2017 » Mortgage Masters Group

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How to Declare Your Reverse Mortgage Interest Deduction If your home mortgage interest deduction is limited under the rules explained in Part II, but all or part of the mortgage proceeds were used for business, investment, or other deductible activities, see Table 2 near the end of this publication. It shows where to deduct the part of your excess interest that is for those activities.

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