No. Interest is always treated as interest income which is taxed as ordinary income rates, unless it is excludable interest which this would not be.
How was the interest paid? Was it paid over the years or one lump sum?
If it was paid over the years, it should have been claimed on each year's taxes as it was received. In this situation, you would need to Amend Your Return to claim the interest in the years it was paid. You would not include it all on this years tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
