rjs
Level 15
Level 15

Deductions & credits

CORRECTED ANSWER

 

Please ignore my previous answer, which was not correct.


If you are using TurboTax Online you have to use Deluxe or Premium to report interest income that you received from a seller-financed loan. You report it under Federal Taxes > Wages & Income > Interest and Dividends > Interest from Seller-Financed Loans.