topic I sold real property on a land contract this year. I receive monthly payments. How do I report the monthly interest income I received during this year? in Deductions & credits

I sold real property on a land contract this year. I receive monthly payments. How do I report the monthly interest income I received during this year?

l22552 — Tue, 10 Mar 2026 06:34:29 GMT

How do I get Turbo Tax to let me enter the monthly interest on Schedule B (Form 1040)?

Re: I sold real property on a land contract this year. I receive monthly payments. How do I report the monthly interest income I received during this year?

Critter-3 — Sun, 09 Oct 2022 12:07:12 GMT

So if you have an installment sale you report the interest and principle on the form 6252 and the interest will be carried to the Sch B automatically. Did you fill in the 6252 yet ?

Re: I sold real property on a land contract this year. I receive monthly payments. How do I report the monthly interest income I received during this year?

Hal_Al — Sun, 09 Oct 2022 12:44:13 GMT

If you reported the entire capital gain or loss in a previous year (rather than reporting as an installment sale each year), there is an alternate way to enter the interest, for this year. Enter at the 1099-INT screen, even though you didn't actually receive a form 1099-INT.

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in Home & Business)

- Wages & Income

Scroll down to:

-Interest & Dividends

-Interest on a 1099-INT