Carl
Level 15

Investors & landlords

Unless you have tens of thousands of dollars in the escrow account, I seriously doubt the interest is enough to make even $1 difference to any tax liability. I also have an interest bearing escrow account for the mortgage on my rental properties. (I have three). All together the interest paid might on rare occasion, exceed $10 for the entire tax year. I just enter it under personal income in the 1099-INT section and press on.