Intrest on inherited land

[garyj55]

I inherited part of a farm last year and the will was written to where my brother would pay me by installments over a period of time. The principal amount and interest are broken down by each installment payment.  I do not believe that the principal is taxable income, but the interest would be. How would this be reported?

[MaryK4]

You can enter the interest income like any other bank income- 

You can enter in the Interest on 1099-INT section. 

1. On the screen Let's import your tax info, select Enter another way

2. Next it will say OK, let's start with one investment type select Interest and Continue.

3. Next, you will see How would you like to upload your 1099-INT? choose Type it in myself

4. You can enter your interest on the next page.