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jtcrawford83
New Member

Where do I enter interest paid to my mortage escrow account?

Mortgage Escrow Interest was listed (on my 1098, I think) as just $5.21 paid to the escrow account associated with my mortgage (which is used to pay property taxes). I assume this amount is taxable income, even though it stays in the escrow account, so I did not directly receive it. Do I need to enter it as if it was from a 1099-INT? I do not see any place to enter it along with my other mortgage information.

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Accepted Solutions
StacyW
Level 1

Where do I enter interest paid to my mortage escrow account?

If you earned interest income in your escrow account, you can enter it in TurboTax under Interest on a 1099-INT.  You may not have received a 1099-INT since interest income less than $10 is not required to be reported on a 1099-INT.  

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2 Replies
StacyW
Level 1

Where do I enter interest paid to my mortage escrow account?

If you earned interest income in your escrow account, you can enter it in TurboTax under Interest on a 1099-INT.  You may not have received a 1099-INT since interest income less than $10 is not required to be reported on a 1099-INT.  

gpellrine
New Member

Where do I enter interest paid to my mortage escrow account?

Do you split that amount if you co-own the home (and each person contributes to the mortgage)?

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