DianeW777
Expert Alumni

Deductions & credits

You will use the amount shown on the annual statement from the mortgage company.  This will be the amount actually paid to the county or city for your property through the escrow on your behalf.  It has the same effect as a loan, which is what it is.  You are liable for the debt on the date of payment regardless of when you repay the amount to the mortgage company.

 

The tax law works the same as if you had paid it with a credit card.  The deduction becomes available on the date paid because you become liable for that debt on the same day.

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