DianeW777
Expert Alumni

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 Federal Taxes tab > Wages & Income
  2.  Scroll down to Interest & Dividends > Select  Interest from Seller-Financed Loans
  3.  Enter Payer/Buyer information
  4. See the image below.

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