Hi, Does anyone know where to put escrow interest? Should it go where you put your mortgage interest? Any help would be greatly appreciated. Thank you for your time.

[TomK2023]

If you receive interest on an escrow account, you can report it in your Federal return as if you had received a 1099-INT.

Enter Interest without 1099-INT:

1. Open your return.
2. Click on Federal tab.
3. Click on Wages & Income.
4. Click on Edit/Add next to Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)
5. Enter a different way.
6. Click on Interest box, then Continue.
7. Type it myself.
8. Enter Payer's name.
9. Enter amount of Interest in Box 1, then Continue.
10. Answer Do any of these uncommon situations apply?, then Continue.

[datsun4]

Hi,

Thank you for the quick response.

The paper says 1098 Mortgage interest. This is why I thought that maybe it should go with the mortgage.

When I inquired, I was informed that it was for escrow. I've never had one of these before. I couldn't figure out how I would get interest on a mortgage. If I put this under a 1099 INT wouldn't that flag something.

Thank you again for your help.

[BillM223]

"I couldn't figure out how I would get interest on a mortgage." - You're not getting interest on a mortgage, as they told you, you're getting interest on your escrow.

Some states require that escrow monies be held in interest bearing accounts.

Just do what TomK said above and you'll be good.

[datsun4]

Thank you so much for all your help.

Have a great day!