Have a Tax Question? Ask a Tax Expert
Hello JA Guest,
Even though you received a 1098 form showing that taxes were paid, if you did not fund the escrow account with your own money, then you may not claim this as a deduction on your return.
The IRS would not likely question the deduction since a 1098 form shows the amount as being paid under your SS number, but if you were ever to be audited and could not show that you had funded that account, your deduction would be disallowed.
If this was helpful please press the Accept button.
Thank you JA Guest