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How do I report interest we received on a seller financed mortgage?

I have sent 1098 to the IRS and the individual paying the interest. I don’t see seller financed interest as an option in TurboTax
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2 Replies
AmyC
Expert Alumni

How do I report interest we received on a seller financed mortgage?

It is entered as a 1099-INT on your return. No EIN is required.

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How do I report interest we received on a seller financed mortgage?

In the wages & income section, under Interest income, you should see a link for seller-financed loans. 

This may not be available in the lower online versions, but all desktop versions should have this. 

 

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