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I bought a house December 28th, 2018. My box 10 on my 1098 is empty, but under that is a mortgage escrow statement. Is beginning escrow balance used for property tax?

 
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pk
Level 15
Level 15

I bought a house December 28th, 2018. My box 10 on my 1098 is empty, but under that is a mortgage escrow statement. Is beginning escrow balance used for property tax?

No -- the escrow balance is  just info only. Till  property tax is paid out of the escrow, you cannot  claim that as a deduction on schedule A ( itemized deduction ).

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2 Replies
pk
Level 15
Level 15

I bought a house December 28th, 2018. My box 10 on my 1098 is empty, but under that is a mortgage escrow statement. Is beginning escrow balance used for property tax?

No -- the escrow balance is  just info only. Till  property tax is paid out of the escrow, you cannot  claim that as a deduction on schedule A ( itemized deduction ).

I bought a house December 28th, 2018. My box 10 on my 1098 is empty, but under that is a mortgage escrow statement. Is beginning escrow balance used for property tax?

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