Mortgage Escrow Interest was listed (on my 1098, I think) as just $5.21 paid to the escrow account associated with my mortgage (which is used to pay property taxes). I assume this amount is taxable income, even though it stays in the escrow account, so I did not directly receive it. Do I need to enter it as if it was from a 1099-INT? I do not see any place to enter it along with my other mortgage information.
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If you earned interest income in your escrow account, you can enter it in TurboTax under Interest on a 1099-INT. You may not have received a 1099-INT since interest income less than $10 is not required to be reported on a 1099-INT.
If you earned interest income in your escrow account, you can enter it in TurboTax under Interest on a 1099-INT. You may not have received a 1099-INT since interest income less than $10 is not required to be reported on a 1099-INT.
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