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03ditto
New Member

We are holding the mortgage on the purchase of our sons home. Where do we post the income on the mortgage payments

 
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DDollar
Expert Alumni

We are holding the mortgage on the purchase of our sons home. Where do we post the income on the mortgage payments

You would report it the same as if you had received a Form 1099-MISC.  While logged in to your account, and in your return:

  • Click on Search
  • Enter Form 1099-INT in the Search window
  • Click on "Jump to Form 1099-MISC
  • If you've already entered some interest income, click on "Add Interest Income" otherwise,
  • Click on Start next to Interest on 1099-INT
  • Indicate you'll type it in yourself
  • Enter your Interest income information use your son's Social Security # instead of an FEIN

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