Where do I report the early pay off I received on a owner carry mortgage?

taxesagainwow · ‎June 3, 2019

Owner mortgage that I carried paid off do I need to report principle received?

MinhT · ‎June 3, 2019

No, you do not report the principal portion of your owner-financed mortgage.

You only report as interest received the interest portion on the pay-off.

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MinhT · ‎June 3, 2019

No, you do not report the principal portion of your owner-financed mortgage.

You only report as interest received the interest portion on the pay-off.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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