topic My husband inherited a loan that his brother had sold a house and now he is getting the payments. in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-husband-inherited-a-loan-that-his-brother-had-sold-a-house-and-now-he-is-getting-the-payments/01/344448#M42933 My brother in law had sold his house. Two payment were received before he died. They were deposited into his checking account. But my husband has gotten all the payments since he died. Mon, 03 Jun 2019 20:15:43 GMT bmwith19dogs 2019-06-03T20:15:43Z My husband inherited a loan that his brother had sold a house and now he is getting the payments. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-husband-inherited-a-loan-that-his-brother-had-sold-a-house-and-now-he-is-getting-the-payments/01/344448#M42933 My brother in law had sold his house. Two payment were received before he died. They were deposited into his checking account. But my husband has gotten all the payments since he died. Mon, 03 Jun 2019 20:15:43 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-husband-inherited-a-loan-that-his-brother-had-sold-a-house-and-now-he-is-getting-the-payments/01/344448#M42933 bmwith19dogs 2019-06-03T20:15:43Z Your husband would report as income only the interest por... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/your-husband-would-report-as-income-only-the-interest-por/01/344456#M42935 <P>Your husband would report as income only the <B>interest portion </B>of the payments received in 2016. Inheritances are not taxable to the heir (the balance of the loan) but any income earned on the inheritance <I>is</I> taxable (the interest).</P> Mon, 03 Jun 2019 20:15:44 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/your-husband-would-report-as-income-only-the-interest-por/01/344456#M42935 IsabellaG 2019-06-03T20:15:44Z