You have a seller-financed loan if you sell your home and you accept a trust deed or other repayment promise as part of the payment. The interest the buyer pays you is seller-financed mortgage interest income.
To uncheck that box:
If using TurboTax desktop:
- Go to Federal Tax
- Go to Wages and Income and scroll down to Interest and Dividend
- Select Update or start next to Interest from seller-financed loans
- On the following screen answer No to the question
In TurboTax online
- Select Federal Tax
- Select Wages and Income and scroll down to Less Common Investments and Savings
- Select start next to Interest from Seller-Financed Loans
- On the following screen answer No to the question
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