Written by Dennis Gassoway, as originally published in The Reverse Review.

Q: Who, if anyone, is eligible to receive the Mortgage Insurance Tax Credit and/or Mortgage Interest Tax Credit when a reverse mortgage is paid off by a borrower OR by the estate or family member after the last borrower has passed away?A: Only the borrower would receive any type of credit. If the last borrower is deceased, then the 1098 form goes out in the name of the estate, and not the heirs’.