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richardfv72
New Member

How to declare interest from a seller financed mortage.

We financed our house to a buyer and need to know how to declare the interest.
1 Best answer

Accepted Solutions
MinhT
Expert Alumni

How to declare interest from a seller financed mortage.

In TurboTax, open your return and follow these steps:

  • Click on Federal Taxes, then on Wages and Income
  • Under All Income, locate the Interest and Dividends section
  • Click Show more and click Start next to Interest from Seller-Financed Loans (see attached screenshot).

 



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1 Reply
MinhT
Expert Alumni

How to declare interest from a seller financed mortage.

In TurboTax, open your return and follow these steps:

  • Click on Federal Taxes, then on Wages and Income
  • Under All Income, locate the Interest and Dividends section
  • Click Show more and click Start next to Interest from Seller-Financed Loans (see attached screenshot).

 



**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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