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coachgeorge95
New Member

My property taxes through escrow were not paid by my mortgage company and are currently in the process of being paid. Do I count anything? What do I do?

 
3 Replies
MaryEllen
New Member

My property taxes through escrow were not paid by my mortgage company and are currently in the process of being paid. Do I count anything? What do I do?

No. You can only deduct the taxes that were paid in 2018. You will be able to deduct these taxes in 2019 unless you exceed the $10,000 State and Local Taxes limit.

coachgeorge95
New Member

My property taxes through escrow were not paid by my mortgage company and are currently in the process of being paid. Do I count anything? What do I do?

So when my escrow pays the tax for both 2018 and 2019, I will only be able to deduct up to $10,000?  The failure of my escrow to pay the tax will cost me a deduction?
MaryEllen
New Member

My property taxes through escrow were not paid by my mortgage company and are currently in the process of being paid. Do I count anything? What do I do?

If your property taxes paid are over $10,000, yes, you will lose some of the deduction.
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