It depends. You should be the owner of the home in a purchase situation even though it is seller financed. Check with your seller to see if they had their lawyer create a mortgage or simply a contract where the deed changes to your name later.
Also, once you know how it is set up, you can use the amortization schedule that shows the interest - principal breakdown.
The interest paid to the seller should be reported to them by you using Form 1099-INT. You are the payer and your seller is the recipient.
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