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Level 2
February 2, 2023
Question

How do I enter interest I received from a seller-financed mortgage, somtimes called a family mortgage?

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3 replies

VolvoGirl
Level 15
February 2, 2023

If you received interest from someone either as mortgage interest or other interest, enter it like you had received a 1099-INT and put the amount in Box 1. Enter it under….
Federal Taxes Tab
Wages & Income
Interest and Dividends
Interest on 1099INT - Click the Start or Update button

 

shoe4bartAuthor
Level 2
February 2, 2023

what about the SS# and the address of house? The form has no place for it.

VolvoGirl
Level 15
February 2, 2023

You don't need to enter that.  You are just reporting the interest you received.