JohnB5677
Expert Alumni

Deductions & credits

That would mean that you sold a house, and the buyer did not get a loan from a bank, 

  • They did not pay for the house up front, but rather owe you the value of the house.
  • You would then "collect the mortgage", both principal and Interest.
  • The question refers to the interest you received.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"