You will need the Deluxe version of TurboTax to report mortgage interest. If you are reporting mortgage interest income, you enter that in the Federal section of TurboTax, then Wages and Income, and then Interest from Seller-Financed loans if you are not reporting the sale as an installment sale. That would mean you would report the entire gain in the year of sale. If you are reporting the sale under that installment method, you would enter the principal payments and interest received in the Installment Sales section of TurboTax, which you will find under Less Common Income, and then Installment Sales in the Wages and Income section.
If you are reporting mortgage interest and property taxes expense, you would only need to do that if you are itemizing your deductions, which is less common nowadays since the standard deduction is much higher that it used to be ($27,700 married joint and $13,850 single filer.) If your itemized deductions (mostly mortgage interest, property taxes, state income or sales taxes) are less than the standard deduction then you would not benefit from itemizing your deductions and don't need to enter mortgage interest and property tax for your federal tax return. Depending on what state you live in, it may benefit you on your state tax return.
You enter the mortgage interest and property tax in the Deductions and Credits section of TurboTax, then Your Home section. You can look on your tax return for 2022 to see if you itemized deductions last year. They would appear on line 12 of form 1040.
[Edited 2/5/24 at 10:45PM PST]
@inexpjohn
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
