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Get your taxes done using TurboTax
No, it would be on 2b as it is taxable interest income. The mortgage interest will still be entered under investment income as regular interest income.
To enter your interest from a seller owned finance you will click the following:
- Federal
- Income
- Scroll down to Interest and Dividends then click Show More
- Start next to Interest from Seller-Financed Loans
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‎January 25, 2022
5:19 AM