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Updated about 4 years ago on .

Ryan H.'s profile image
Ryan H.'s profile image
Ryan H.
  • Investor
  • from Portland, OR
  • Member since Nov 17, 2014
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User Stats

100
Posts
25
Votes
Ryan H.'s profile image
Ryan H.'s profile image
Ryan H.
  • Investor
  • from Portland, OR
  • Member since Nov 17, 2014
Connect
Ryan H.
  • Investor
  • Portland, OR
25
Votes |
100
Posts
Personal Finance

Tracking Escrow Accounts

Ryan H.
  • Investor
  • Portland, OR
Posted

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 my personal finance software (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 in Quicken for the escrow so that it is just marked as a transfer?

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