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How do I report interest earned on a 2nd mortgage loan provided to my son?

I loaned my son money to refinance his second mortgage. How do I report the interest I earn on the loan?
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2 Replies
MinhT1
Expert Alumni

How do I report interest earned on a 2nd mortgage loan provided to my son?

You will report this interest income just as if you had received a form 1099-INT from a bank.

 

  1. In TurboTax Online, open your return
  2. Click on Search (magnifying glass icon) at the top right of your screen
  3. In the Search box, enter form 1099-INT and click Enter
  4. In the search result box, click on Jump to form 1099-INT
  5. TurboTax will take you directly to the section where you can start entering your interest income.
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How do I report interest earned on a 2nd mortgage loan provided to my son?

Thanks very much, that was the correct way to do it!

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