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csgrisdela
New Member

Where do I enter mortgage interest I received from a private mortgage I hold?

 
3 Replies
MinhT1
Employee Tax Expert

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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rtichy2
Level 2

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?)

Critter-3
Level 15

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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