Refinanced mortgage, lender paying property tax & insurance from proceeds, how do I record this?

I recently re-filed my mortgage, as part of the process the lender paid the next property tax and insurance from the proceeds. How do I record these payments for tax purposes without impacting my banking balance? This was a one-time payment and not an ongoing escrow payment.

(edited for readability)


  • UKRUKR SuperUser ✭✭✭✭✭
    Did your old mortgage have an escrow account?
    If so, you should also have (or create) an escrow account to go with your new mortgage.
    During the refinancing process, any escrow held by the old mortgage company should have been transferred to the new one. After that, tax and insurance should be recorded in the new escrow register.
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