PaulaM
Employee Tax Expert

Deductions & credits

Lenders don't always record the property taxes on the Form 1098. Nevertheless, you can take a property tax deduction for the exact amount of taxes that were paid to the county taxing authority from your escrow account.

This is not the amount that you pay into your escrow. Escrow accounts collect monies for taxes, insurance, and pmi. Look to your Jan 2017 mortgage statement for the amount of taxes paid, or your property tax bill. You could also contact your lender directly to clarify the amount they paid on your behalf.

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