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Level 1
posted Apr 18, 2023 10:50:23 PM

Commercial property mortgage interest earned

Where do I enter interest received from a mortgage loan that I took back on the sale of commercial property?

0 1 306
1 Best answer
Expert Alumni
Apr 19, 2023 6:35:48 AM

Yes, you can report this interest income under Federal >> Wages & Income >> Less Common Investments and Savings >> Interest from Seller-Financed Loans. Click Start and follow the interview to report the interest you received.

1 Replies
Expert Alumni
Apr 19, 2023 6:35:48 AM

Yes, you can report this interest income under Federal >> Wages & Income >> Less Common Investments and Savings >> Interest from Seller-Financed Loans. Click Start and follow the interview to report the interest you received.