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Property Tax Disbursement the same as Real Estate Tax? Nothing on 1098 in box 10 but below in the Annual Tax and Interest Statement.

 
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MichaelMc
New Member

Property Tax Disbursement the same as Real Estate Tax? Nothing on 1098 in box 10 but below in the Annual Tax and Interest Statement.

Yes, the property tax disbursement from your mortgage servicer's escrow account is the amount paid on your behalf for real estate taxes.

Please be aware that real estate taxes and mortgage insurance (PMI) premiums paid through your mortgage servicer are tax-deductible items. Hazard (homeowner) insurance on the home(s) you live in is not tax deductible.

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