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Level 1
June 3, 2019
Solved

Where do I report the early pay off I received on a owner carry mortgage?

  • June 3, 2019
  • 1 reply
  • 11 views

Owner mortgage that I carried paid off do I need to report principle received?

    Best answer by MinhT1

    No, you do not report the principal portion of your owner-financed mortgage.

    You only report as interest received the interest portion on the pay-off.

    1 reply

    MinhT1Answer
    Level 15
    June 3, 2019

    No, you do not report the principal portion of your owner-financed mortgage.

    You only report as interest received the interest portion on the pay-off.

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