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Handling Escrow Accounts
Hello, I recently received an escrow review statement in connection with my home mortgage. Historically I've not had a separate account set up in quicken to track the escrow account. The review statement states that there is a projected shortage for 2021 and asks that I pay this amount. How would I categorize this payment? Is it best to set up a separate account for the escrow so that it is just marked as a transfer?