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New Member
posted Jun 4, 2019 8:06:45 PM

Is the escrow disbursement what I should enter for property taxes?

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1 Replies
New Member
Jun 4, 2019 8:06:47 PM

It depends

If the entire escrow disbursement was only for property taxes then yes. If the disbursement includes mortgage insurance, then you will still get to take an itemized deduction for these payments but you will need to determine the portion that was not related to property taxes and report each portion of the disbursement separately.