My S Corp owns a mortgage. I owner financed my house and then transferred the note into my S Corp. I'm doing TurboTax for the S Corp and I entered the income as "Interest" and I see on the K-1 that interest has its own place. I just wanted to verify that I'm doing this right. I thought I remember seeing something specific about mortgages somewhere within TurboTax but now I can't find it.
Also, I had a prompt to verify that I reviewed the changes to the K-1 codes (or words to that effect). I looked and looked and did some web searches but couldn't really see anything to verify.
