Int on Escrow & Status

[dascpa]

Never thought about this before - taxpayer no longer itemizing, do they have to report the interest earned on escrow if they're not deducting the interest paid and the real estate taxes?  I would assume yes since they're separate issues.

52% in, 30% out. Tired and wish this was over.  

Even biz extensions are taking longer with the new estimated tax payments for the PTE tax that needs to be entered.

Also, tons of people owing due to large capital gain distributions - and now the market has tanked....

[Just-Lisa-Now-]

Yes, on the interest.

And I agree, lots of capital gains this year!

[qbteachmt]

If they are earning $10 or more, there would have been a 1099-Int issued, as well.