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lfsaicda
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Land contract interest expense

For many years I have (as advised by the IRS) shown interest income on my tax return and interest expense on the still existing mortgage on a home sold on land contract as sort of "wrap" mortgage.

On the 2018 turbo tax for home and business how and where do I put this and the reduction on the 

 

balance of the loan was a capital gain NOW I CAN NOT FIND OUT HOW TO DO THIS?????

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1 Reply

Land contract interest expense

I am not certain why the information did not transfer in to 2018 Home & Business, but you can get to the installment sale section by typing "installment sales" in the search box and clicking the Find button (see screenshot).

 

installsale.png

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