Hello Bob,

The reverse mortgage was paid off in 2024 after the homeowner died.  A lot of research mention that the deduction should be deducted by the beneficiary as interest on "A LINE" on Schedule A.  I can only assume it was reported to the fiduciary on Form 1098, but can't confirm.  My client does not have a copy of the 1041, so I don't know exactly where the interest was reported on the 1041.  There is nothing to carryover.  The deduction was allocated to 6 siblings, my client being one of them.  I was told the interest could be reported on Schedule A, Line 16 as other miscellaneous deductions, but could not find anything to substantiate that position.

Thank you for your response.