Financing Home through Owner

[CSK49]

I bought a home last year from the owner to whom I make payments for the purchase.  How do I claim the interest I paid the owner for holding the mortgage on my home.

[DMarkM1 · Accepted solution]

You will enter in the same place as though financing through a bank and receiving a form 1098 in the "Deductions & Credits" tab.

1. Scroll down to "Your Home"
2. "Show More"
3. "Start/revisit" the Mortgage topic
4. "Yes" and "type it yourself"
5. Enter the seller's name
6. Click the option "Seller financing and didn't receive a form 1098"

Note:  You will need the sellers information to complete the entries and the seller will need your information as well for their return.