How do i report interest received on a real estate monthly installments?

I sold a property and financed the buyers. I receive monthly installments and need to report the interest on that note.

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How do i report interest received on a real estate monthly installments?

The interest gets reported on a Schedule B.

To do that,

Go to Your 2016 Income Summary.
Go to Interest Income.
Select Start or Update by Interest from Seller-Financed Loans.

To see if it was reported,

Go to My Account.
Go to Tools.
Go to View Tax Summary.
Go to Preview my 1040.

Your interest on the loan should be reported along with all other interest on line 8 of Form 1040.

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How do i report interest received on a real estate monthly installments?

The interest gets reported on a Schedule B.

To do that,

Go to Your 2016 Income Summary.
Go to Interest Income.
Select Start or Update by Interest from Seller-Financed Loans.

To see if it was reported,

Go to My Account.
Go to Tools.
Go to View Tax Summary.
Go to Preview my 1040.

Your interest on the loan should be reported along with all other interest on line 8 of Form 1040.

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