Things You Need to Know About Reverse Mortgages - 0.2 Nano CPE

Reverse mortgages play a growing role in retirement strategies, making it important to understand their tax and planning implications.

For many homeowners, reverse mortgages offer access to home equity in retirement. But the tax treatment, interest rules, and downstream effects on heirs are often misunderstood and overlooked until decisions are already in motion.

This course gives you a clear, practical framework for evaluating reverse mortgages so you can help clients understand the tradeoffs before they commit.

Learning Objective

Assess the tax and planning issues associated with reverse mortgages, including income treatment, interest deductibility, and heir considerations.

Course Description

This 10-minute nano-learning course explains how reverse mortgages work and the tax and planning issues they create for homeowners and their heirs. Participants learn how loan proceeds are treated, when interest becomes deductible, and common risks that affect long-term outcomes.

Who This Is For

Tax and accounting professionals advising older clients, retirees, or families evaluating reverse mortgage options.

Why It Matters

Reverse mortgages can affect taxable income, benefit eligibility, estate outcomes, and heirs’ options after death. Advisors who understand these implications can help clients avoid surprises, plan responsibly, and make decisions aligned with long-term financial goals.

Author / Instructor

Lee T. Reams, Sr., BSME, EA
Lee T. Reams, Sr., EA, is the Editor-in-Chief of CountingWorks and a long-time leader in tax education. He has helped shape professional learning in the tax community through decades of course development, writing, and speaking.

Course Details

This course qualifies for NASBA continuing professional education credit. CountingWorks, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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