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Where do I enter mortgage interest I received from a private mortgage I hold?
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Where do I enter mortgage interest I received from a private mortgage I hold?
You enter mortgage interest received just AS IF you had received a form 1099-INT from a bank.
In TurboTax, you can enter your form 1099-INT by following these steps:
- In TurboTax, open your tax return
- Click on Federal in the left-hand column, then on Wages & Income on top of the screen
- Scroll down to All Income, locate the section Interest and Dividends and click on Show more
- Click Start next to Interest on 1099-INT.
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Where do I enter mortgage interest I received from a private mortgage I hold?
Why is there a separate prompt for investment gains and losses that were not reported on a 1099-B, but not a similar prompt for interest not reported on 1099-INT? Also, seller-financed mortgages are way down the list, but could possibly handle private mortgage entry? (Idea being there is private interest, not reported on a 1099, but the mortgage holder was not a property seller, at all?)
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Where do I enter mortgage interest I received from a private mortgage I hold?
Use the seller-financed mortgage section even if you did not sell the property.
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