Thanks, that total income received didn't have good tool-tip description of what goes there. Tnx!
Similarily I had an installment sale in 2019, so that real estate asset now no longer shows up in the list off addresses. I searched the Income section in TT business 2020 and could not find any mention of past installment sale principal and interest entry (which TT home-business 2020 for a 1040 DOES bring up entering P&I on a past installment sale).
BUT I searched forms and found the 6252 for this 2019 sale, found line 20-A and entered the principal received, but did not find any place to enter the interest recevied??
Guessing from your above help; I just add up all the inteterest received, banks, installment sales, notes etc into one opaque lump sum in Income--> Interest income?? Sure wish you could create a list in a work sheet for many items in TT business (like expenses is a fixed list of things poorly fiting a real business vs a lump) and now interest income. Zero doc for this year or next years what that interest lump was from... ;(
A simple work sheet added to these fields would capture needed tax doc for records. Recreating these lump number in future years will be imposible.
Or is there a better way for interest received? IE to line item its sources? Same for expenses when the fixed list just doesn't fit? TT home-business 1040 Sched E does a better job of entering ad-hoc expenses etc.
tnx to all.
