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You can only deduct mortgage interest and property taxes. Home owner insurance is not deductible as well as anything that is accrued and anything paid into escrow.
You always go what's on your tax statement. Reports are for informational purposes only. $3525 is the loan balance, not the interest. If the interest is accrued, it is also not deductible.
Because reverse mortgages are not traditional mortgages, what you can deduct is very limited. Because most of the interest is accrued (not paid), it is not currently deductible. You can only deduct what you actually paid, not what you will in the future.
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