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Investors & landlords
The interest income goes on schedule B with the other interest. Follow these steps:
- Go to Income (different named area in different programs)
- scroll down to Interest and Dividends
- Locate Interest from Seller-Financed Loans
- Click Start
- screen says, Any seller financed loans?
- Click Yes
- Enter the information of the person from whom you received the interest and the interest received.
- Continue
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March 17, 2020
2:50 PM