Get your taxes done using TurboTax

Installment sale interest is treated the same way as interest from a bank or other financial institution.  You will need the name, address and SSN or EIN of the payer/buyer.

To enter your seller-financed mortgage interest:

1.  Click Tax Home tab >  Income
2.  Scroll down to Interest & Dividends > Less Common Investments and Savings > Select  Interest from Seller-Financed Loans
3.  Enter Payer/Buyer information and interest amount