Seller financed mortgage interest

[Glor3]

I do not see seller financed mortgage interest anywhere!  

[DoninGA]

Using the TurboTax desktop editions -

Click on Federal Taxes (Personal using Home & Business)

Click on Wages & Income (Personal Income using Home & Business)

Click on I'll choose what I work on

Scroll down to Interest and Dividends

On Interest From Seller-Financed Loans, click the start button

[DawnC]

For interest paid, start in Mortgage Interest, under Your Home in the Deductions and Credits section.  You will enter the Lender name and the type of property.   The next screen asks Do any of these situations apply?   You will mark the 2nd option - This is a seller financed loan and I did not receive a 1098.   

For interest received, it is entered under Wages & Income >> Interest and Dividends, Interest from Seller-Financed Loans