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Report Interest Paid on RE Escrow Accts. to IRS?

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We are a commercial bank in New York. Do we need to report interest that is paid on our real estate escrow accounts to the IRS?

Being in New York has no bearing on your reporting requirements under IRS rules. Not knowing specifically what you mean by a real estate escrow accounts, but assuming it involves escrow accounts held for mortgages, it depends on what type of customer you are talking about. I recommend you refer to the instructions:

First published on 03/03/2019

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