@hogwell
@13153
To make it easy for everyone, the interest and SSNs should all match up. Mortgage interest and sch B direct match.
The mortgage interest should be entered as follows:
- Select mortgage interest
- Lender name - enter parent's name
- Property type- primary, continue
- This is a seller financed loan and did not receive 1098 (you both say that you bankrolled the mortgage and receiving interest)
- Enter address and SSN of parent, continue
- mortgage information
Since you are reporting the interest on your sch B. enter:
- 1099-INT
- I will type it in myself
- Received from - child's name and amount
- continue
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