Where to I report seller-financed mortgage interest

[Tonita]

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.

[momfromatoz]

My father owned a property that he was selling in a seller financed mortgage (land contract) to another person.

He has since died, so I am using TurboTax Business to complete the Estate taxes. The general instructions for reporting the interest income in other TurboTax programs is:

Federal TAxes

WAges & INcome

INterest & Dividends

INterest from Seller financed mortgages

However, that is not an option in TurboTax Business.  Please let me know where I can enter this information?

[Critter-3]

On a form 1041 there is no such designation ... just enter it as plain old interest that goes on line 10.

[Helen125]

I don't see an entry for seller financed mortgage interest when I scroll down the wages and income list.  I am using Turbo Premier.  That was the answer from 2019.  Has it changed in the the 2024 version.  

[DoninGA]

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@Helen125 wrote:

I don't see an entry for seller financed mortgage interest when I scroll down the wages and income list.  I am using Turbo Premier.  That was the answer from 2019.  Has it changed in the the 2024 version.  

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Click on Federal Taxes

Click on Wages & Income

Click on I'll choose what I work on

Under Interest and Dividends

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