topic Interest from seller financed loans also shows up on 1099-INT in Get your taxes done using TurboTax

Interest from seller financed loans also shows up on 1099-INT

sarymary — Tue, 10 Feb 2026 10:15:04 GMT

I entered the interest I made from a seller financed loan under the Interest and Dividends section, item #4 that says "interest from seller financed loans" but it also flows through to the 1099-INT field. I only made $6612 on my return it is showing double that amount as taxable income. Is that correct? There's no entry under the 1099-INT field for me to delete to only get the income to count once.

Re: Interest from seller financed loans also shows up on 1099-INT

Anonymous_ — Sat, 06 Jan 2024 20:14:58 GMT

Can you delete what you entered and see what happens?

Re: Interest from seller financed loans also shows up on 1099-INT

sarymary — Tue, 09 Jan 2024 15:15:44 GMT

I figured it out. I entered an installment sale and also entered the information under the seller financed loan section so that is why it was double counting. I was only supposed to under it under the installment sale section.