How to categorize mortgage escrow shortage payments

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jrdigg3
jrdigg3 Member ✭✭
edited May 2022 in Business and Rental Property Tools (Windows)
How do I categorize mortgage escrow shortage payments?

My Mortgage payments for my residential and some of my rental properties have amounts included escrow shortages. They are not not tax deductible, hence, cannot be assigned to a tax line.

What do I do?

Comments

  • UKR
    UKR Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Just change the monthly mortgage payment's Scheduled Reminder transaction and add the shortage amount to the amount of escrow already being withheld.
  • jrdigg3
    jrdigg3 Member ✭✭
    That worked! Thank you so much.
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