How to e-file Form 1098 as lender with IRS?

To clarify, are you an individual (not banker) holding a note on property and taking payments from another individual which includes interest?

Yes.

If you are the mortgage holder for a property that you sold,  It sounds like you have a Self-Financed Loans.

• TurboTax can assist you in posting this transaction.
• Turbo tax does not make file format conversions; however, You can use online tools like DocHub or miniPDF to convert a PDF to ASCII. 

 

To post this income, follow these steps:

 Select Tax Tools

• This is on the left sidebar
• You may have to minimize the Federal and State options
• You also may have to scroll down on that menu

1. Once you can work on Tax Tools
2. On the drop-down select Tools
3. There will be 3 or 4 green boxes
4. Select Topics Search
5. Type Mortgage Interest received
6. You will see Any Seller-Financed Loans? Yes
7. Enter Seller-Financed Interest You Received
8. Continue through the questions.