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June 5, 2019
Question

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

  • June 5, 2019
  • 1 reply
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1 reply

Employee
June 5, 2019

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.