How to include escrow refund

agates2528 · ‎May 31, 2019

I put in all information for my 2016 mortgage interest etc.. However I sold my house mid year and got an escrow refund where do i add that?

PaulaM · ‎May 31, 2019

You don't include amounts in escrow that were refunded to you on your tax return.

This is just an amount the lender's collect to make payments on your behalf. Lenders often collect more than what is needed to pay your insurance and property taxes.

This is a cushion in order to meet the fluctuations that occur year to year for your tax and insurance bill.

http://finance.zacks.com/claim-escrow-surplus-check-taxes-6151.html

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View solution in original post

PaulaM · ‎May 31, 2019

You don't include amounts in escrow that were refunded to you on your tax return.

This is just an amount the lender's collect to make payments on your behalf. Lenders often collect more than what is needed to pay your insurance and property taxes.

This is a cushion in order to meet the fluctuations that occur year to year for your tax and insurance bill.

http://finance.zacks.com/claim-escrow-surplus-check-taxes-6151.html

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"