I receive interest on a AFR mortgage loan made to a family member. How do I report it in Turbotax?

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I receive interest on a AFR mortgage loan made to a family member. How do I report it in Turbotax?

Assuming that you have the proper legal documents to show the interest rate charged, and terms of repayment etc., you report the interest earned just as if you had received a 1099-INT from a bank ( similar what you would do for a land-contract ), you will need the SSN of the person that pays you the interest.

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I receive interest on a AFR mortgage loan made to a family member. How do I report it in Turbotax?

Assuming that you have the proper legal documents to show the interest rate charged, and terms of repayment etc., you report the interest earned just as if you had received a 1099-INT from a bank ( similar what you would do for a land-contract ), you will need the SSN of the person that pays you the interest.

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