@TXDAD wrote:
While the through escrow account paid all the taxes and generated tax documents. Due to forbearance, I did not pay the banks either mortgage principal or escrow. But at the end of the I am liable to pay it once the forbearance expires. Can I still deduct the taxes that are shown on 2020 1098 generated by the bank? TIA
Is your escrow account balance negative now? I'm not quite clear on how this is working.
However, if the taxing authority was actually paid, you can deduct it. Either it was paid from your current funds, or it was paid with a negative balance that you must repay in the future. (And even if you don't pay it, the bank will take it out of your hide when they foreclose, so you will ultimately pay it one way or the other.)
