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New Member
posted Mar 28, 2025 3:13:20 PM

how should i report payments from buyer i hold mortgage

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2 Replies
Level 15
Mar 28, 2025 3:15:49 PM

Is this a seller-financed mortgage?

Expert Alumni
Mar 28, 2025 3:16:52 PM

The interest income goes on schedule B with the other interest.  Follow these steps:

  1. Go to Income (different named area in different programs)
  2. scroll down to Interest and Dividends
  3. Locate Interest from Seller-Financed Loans
  4. Click Start
  5. screen says, Any seller financed loans?
  6. Click Yes
  7. Enter the information of the person from whom you received the interest and the interest received.
  8. Continue