@pk, @Critter-3
I sold the house owner finance and have a servicing company collecting the payments. The servicing company deposits into my account. The servicing company sent me a 1099-INT at the end of year. The 1099-INT only has INTEREST INCOME, no thing else. In turbo tax I entered a 1099-INT.
Later turbo taxed if I sold anything on payments and it looks it is asking for interest separate from income. That is what confused me. The servicing company did not send me 6252 .
So you are saying I should NOT enter the installment sales area?
Should I ask the servicing company for a 6252?
Thank you so much!
