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Get your taxes done using TurboTax
Interest from an installment sale is reported as ordinary income in the same manner as any other interest income. You don't need FORM 1099-INT to report this income.
The easiest way to find this topic in TurboTax Online is to use Tax Tools in the left column >> Tools >> Topic Search. Type in "interest income", click the topic in the list, then Go. In TurboTax Desktop, use the Search box or Topic List found in the header.
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March 4, 2025
1:18 PM