1000 Section: Reserves Deposited With Lender
- 1001. Initial Deposit for Your Escrow Account: This amount will be deductible as a current expense when the funds are disbursed from your escrow account by the lender.
- 1002. Homeowner’s Insurance
- 1003. Mortgage Insurance
- 1004. Property Taxes
1002-1004 are deposited with your lender and will be deductible as a current expense when the funds are disbursed from your escrow account by the lender.
HUD
