I have a client who sold there home last year and moved out of state to be closer to family. She had a reverse mortgage on her home (CA) that had been in place for years. Once the home was sold there was no value to her at that point, but she did receive a 1098 with a substantial amount of interest paid showing in Box 1 of the form. Based on reading of the subject matter this is all deductible on the Schedule A, but I wanted to make sure that is correct since it will in essence wipe out all of her taxable income for 2025.