PStoloff
New Member

Get your taxes done using TurboTax

I think I found it. Two questions though....1) As long as I report the interest received and I'm not in the business of issuing mortgages (which I am not), does this mean that I don't need to file a 1096/1098 with the IRS or file anything else through TurboTax? I'm already issuing a 1098 to my daughter so she can report it on her taxes.  And 2) I assume this should not be reported as an installment sale? This subject came up elsewhere in my investigation of this topic. Thanks so much for your help.