How Do I Report Estate Funds Used for a Mortgage Payment? | NC

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Q: How should I report estate funds used for a mortgage payment in the final accounting? A: If estate money was used to pay the mortgage, list it as an estate disbursement. Show the lender’s name, the payment date, the amount, and the purpose, such as mortgage payment for estate real property or payment to a secured creditor. Do not hide it, combine it vaguely with other expenses, or subtract it…