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posted Jun 4, 2019 6:21:49 PM

How do I account/claim escrow (shortage) payment that I paid out of pocket in 2015?

I paid $953.00 in escrow (shortage) cost before 31 Dec 2015

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Level 15
Jun 4, 2019 6:21:50 PM

Your escrow shortage is not deductible.  You can only deduct mortgage interest, property taxes paid in 2015, loan origination fees ("points", if any) and/or private mortgage insurance (if you had that) for 2015.  This information would be on the 1098 you got from your mortgage lender in late January.