Your parents do not need to send you a Form 1098. This is considered to be a seller-financed mortgage.
Please follow the instructions below:
- Click Federal Taxes
- Click Wages & Income
- Scroll down to Interest & Dividends
- Click Start next to Interest from Seller-Financed Loans
- Answer Yes to Did you receive interest payments from a seller-financed mortgage?
- Proceed through the rest of the interview to enter your mortgage interest
