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Level 2
June 6, 2019
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Where do I report interest income from my daughter, for whom I am financing a house? This was not my home so it is not exactly seller-financed.

  • June 6, 2019
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Best answer by IsabellaG

You can report this interest as if you received a 1099-INT. Just enter your daughter's name, and the amount of interest you received. Since this is not a mortgage, she can't deduct this interest.

1 reply

IsabellaG
IsabellaGAnswer
Level 13
June 6, 2019

You can report this interest as if you received a 1099-INT. Just enter your daughter's name, and the amount of interest you received. Since this is not a mortgage, she can't deduct this interest.

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IsabellaG
Level 13
June 6, 2019
You're welcome!
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