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New Member
posted May 31, 2019 10:13:34 PM

I cannot enter seller financed mortgage interest

0 4 1053
1 Best answer
Level 2
May 31, 2019 10:13:36 PM

Please follow the instructions below:

  • Click Federal Taxes
  • Click Wages & Income
  • Scroll down to Interest & Dividends
  • Click Start next to Interest from Seller-Financed Loans
  • Answer Yes to Did you receive interest payments from a seller-financed mortgage?
  • Proceed through the rest of the interview to enter your mortgage interest.

4 Replies
Level 2
May 31, 2019 10:13:36 PM

Please follow the instructions below:

  • Click Federal Taxes
  • Click Wages & Income
  • Scroll down to Interest & Dividends
  • Click Start next to Interest from Seller-Financed Loans
  • Answer Yes to Did you receive interest payments from a seller-financed mortgage?
  • Proceed through the rest of the interview to enter your mortgage interest.

New Member
Feb 24, 2020 7:34:42 AM

Seller financed loans seems to imply that someone sold their home.

If I am simply holding a mortgage for someone but never owned the home, do I still enter it the same way?

Employee Tax Expert
Feb 24, 2020 7:50:25 PM

What do you mean "holding a mortgage for someone?" Can you elaborate on your situation?

New Member
Feb 9, 2022 9:59:27 PM

This is no longer located in the Interest/Dividends section. As of 2022, it's located in Wages & Income > Less Common Investment and Savings > Interest from Seller-financed Loans.