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Investors & landlords
@scout12345 wrote:
I understand how I will be reporting the interest received from a financed mortgage, but also wondering if TurboTax generates the 1098 form that I can provide the buyer paying the mortgage?
No. TurboTax does not provide a Form 1098.
You would only need to file a Form 1098 if you were in the business of lending money. If you do not have this type of business then there is no need to provide a Form 1098 to the buyer.
IRS Form 1098 - https://www.irs.gov/pub/irs-pdf/f1098.pdf
IRS Form 1098 instructions - https://www.irs.gov/pub/irs-pdf/i1098.pdf
‎December 9, 2021
7:09 AM