We bought a house this year for our daughter and SIL and now hold a private mortgage with promissory note. I understand that I'm not required to file a 1098, and we calculated their interest using a mortgage amortization table.
I'm using TurboTax premier and see where to enter the seller-financed interest, but I can't figure out where to include the principal payments. It's not a lot of money NOW, but it's just a 15 year loan, so the principal total will increase relatively quickly over the next few years.
