- posted 10 years ago
We (Me and my Husband) "purchased" our house from his Grandparents.
They still have a half life estate on the house. We paid off the
reverse mortgage they had on the house as well as other loans. His
Grandparents are our dependents (we pay for their food, utilities,
medical, etc.). When we paid off the reverse mortgage there was
mortgage interest paid. Can we claim the mortgage interest paid on