3473207
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

grbenack
New Member

Do I need mortgage lenders address, and other info if my special situation includes the seller carrying back the mortgage and this seller being a special needs trust?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
SabrinaD2
Expert Alumni

Do I need mortgage lenders address, and other info if my special situation includes the seller carrying back the mortgage and this seller being a special needs trust?

If your situation includes the seller carrying back the mortgage and the seller is a special-needs trust, you don't need the traditional mortgage lender's address for tax reporting. 

Here are the key points::

  • Promissory Note: The financing is typically documented with a promissory note secured by a deed of trust or mortgage on the property.
  • While you do not need the lender's address for tax reporting, you should maintain the seller's contact information, including name and address, for your records.

For more detailed information, you can refer to the IRS guidelines on  Installment sales,  and the First American Exchange article on seller carry-back financing.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question