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lakeviewer
Returning Member

We sold a house and financed it. We received money down and 5 payments with interest. Where do I enter this income?

 
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1 Reply
JohnB5677
Employee Tax Expert

We sold a house and financed it. We received money down and 5 payments with interest. Where do I enter this income?

Yes, This can be included under Self-Financed Loans

 

To post this income, follow these steps:

 Select Tax Tools

  • This is on the left sidebar
  • You may have to minimize the Federal and State options
  • You also may have to scroll down on that menu
  1. Once you can work on Tax Tools
  2. On the drop-down select Tools
  3. There will be 3 or 4 green boxes
  4. Select Topics Search
  5. Type Mortgage Interest received
  6. You will see Any Seller-Financed Loans? Yes
  7. Enter Seller-Financed Interest You Received
  8. Continue through the questions.

 

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