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Message 2290: Re: reverse mortgage- income tax question



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   Posted by Bill Downs on 07/28/05

Subject:   Re: reverse mortgage- income tax question


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In Reply to: reverse mortgage- income tax question posted by Michael B. Allmon on 07/25/05:

Publication 559 from the IRS says that the person who gets the property of the decedent gets the deduction for taxes and interest that had accrued. See page 11 of publication 559.



  

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