This is another question and answer on your site. Which is correct?
I closed my house in October 2016. On my closing statement, there's an item " Initial Escrow Payment at Closing: property taxes for 9 months. $4050"
However, 1098 only shows $1095 was paid in 2016 for property taxes. What should I report on TT?
You should report both the amount of property taxes that were paid at closing and the amount paid through the escrow account on your mortgage.
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TurboTaxAmyT
TurboTax TaxPro 2 years ago
