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inherited a seller financed mortgage for a house
I live in CA and inherited a seller financed mortgage for a house that is located in OR. I receive $600 a month from the buyer which includes principle and interest. Am I taxed on the full amount or only the interest? Also, where do I enter the information in TurboTax Home & Business? Do I need to file state taxes in CA and OR? I have not received a 1099-INT or any other forms.
‎February 25, 2021
1:18 PM