I am assuming you mean mortgage interest on a house you purchased from the individual and secured by the loan. Otherwise, a personal loan is not deductible on your taxes.
If you mean mortgage loan that meets all the qualifications, there is a special place for seller paid interest. Follow these steps:
- Deductions and credits
- Mortgage interest, select
- Enter name of individual, continue
- Select property type, continue
- Select the middle option, this is seller financed loan, no 1098
- Enter address and SSN, continue
- enter mortgage information
About Publication 936, Home Mortgage Interest Deduction
@pat1smiley
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