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New Member
posted Jun 4, 2019 6:24:33 PM

Is the entire amount of my escrow deductible?

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1 Best answer
New Member
Jun 4, 2019 6:24:34 PM

It depends on what the escrowed funds were used to pay for. Property taxes yes, homeowners insurance no. You should be advised of those expenses elsewhere (your 1098-M, for example).

1 Replies
New Member
Jun 4, 2019 6:24:34 PM

It depends on what the escrowed funds were used to pay for. Property taxes yes, homeowners insurance no. You should be advised of those expenses elsewhere (your 1098-M, for example).