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New Member
posted Mar 9, 2025 6:54:10 AM

Why is received interest payments from a seller financed mortgage checked after I entered interest received from a bank? Turbotax will not let me uncheck it.

In the "other dividends and interest" section, the box that says i received the interest from a seller financed mortgage was checked automatically and I can't uncheck it. I need "none" to be checked.

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6 Replies
Expert Alumni
Mar 9, 2025 7:09:03 AM

We can clear the seller finance entry by doing a Topic Search.

 

 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 seller
  6. Seller Financed Interest will show
  7. Click [Go]
  8. Delete any seller records using the Garbage Can
  9. Continue to the end

The Seller Financed Income is cleared.

Level 1
Apr 6, 2025 9:48:10 AM

You cannot do this on the downloaded version.  Now what the heck am I supposed to do???  I can't believe TT knows about this and did not do an update.

 

Level 1
Apr 6, 2025 9:49:53 AM

Never find - I left it checked and selected NONE and it went through.  TT please fix this for other late filers!

 

New Member
Apr 15, 2025 8:47:11 AM

I have the same issue. I am not sure how checking this box affects the numbers but it is just wrong to have this checked in the first place. Followed you direction but there is no such Tax Tool in any menu. Is there a place in one of the forms? What else is that check box connected to that I need to clear out?

New Member
Apr 15, 2025 8:57:37 AM

Found out that if you check none of the above and hit next and come back to it, it is unchecked. Then check the none of the above again.

Expert Alumni
Apr 15, 2025 12:26:41 PM

If you go back to your entry screens for Form 1098, you can make sure that the box "This is a seller-financed loan and I did not receive a 1098" is not checked.

 

  1. Click on the search icon at the top right of your TurboTax screen
  2. Type "1098" in the search bar and hit enter
  3. Click on the link "Jump to 1098"