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My real estate taxes are escrowed; however, nothing is reported in box 10 of my 1098. What should I do? Thank you!
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June 4, 2019
3:56 PM
last updated
June 04, 2019
3:56 PM
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My real estate taxes are escrowed; however, nothing is reported in box 10 of my 1098. What should I do? Thank you!
Some lenders print the property tax info in an open area of the 1098, not in a box. Double-check your 1098. If there's nothing there, contact your lender.
If you just bought the home recently, it's possible that no property tax payments have yet been made, Property taxes are deductible when the tax is actually paid, not when the funds go into escrow.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
June 4, 2019
3:56 PM
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My real estate taxes are escrowed; however, nothing is reported in box 10 of my 1098. What should I do? Thank you!
Some lenders print the property tax info in an open area of the 1098, not in a box. Double-check your 1098. If there's nothing there, contact your lender.
If you just bought the home recently, it's possible that no property tax payments have yet been made, Property taxes are deductible when the tax is actually paid, not when the funds go into escrow.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
June 4, 2019
3:56 PM
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