turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

m-kennon
New Member

I sold a home to my tenants on a two year contract and I need to find a 1098 form to fill out and send to the tenants to file with there taxes. Where do I find this form?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MinhT
Expert Alumni

I sold a home to my tenants on a two year contract and I need to find a 1098 form to fill out and send to the tenants to file with there taxes. Where do I find this form?

As an individual taxpayer, you are not required to send a form 1098 to your acquirer. If he paid interest to you, he can still claim seller-financed interest as mortgage interest. And you would need to report that interest as income on your tax return.

Here are the instructions for Form 1098 for your information - See the chapter Who Must File?

https://www.irs.gov/instructions/i1098#idm140711846985216

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
MinhT
Expert Alumni

I sold a home to my tenants on a two year contract and I need to find a 1098 form to fill out and send to the tenants to file with there taxes. Where do I find this form?

As an individual taxpayer, you are not required to send a form 1098 to your acquirer. If he paid interest to you, he can still claim seller-financed interest as mortgage interest. And you would need to report that interest as income on your tax return.

Here are the instructions for Form 1098 for your information - See the chapter Who Must File?

https://www.irs.gov/instructions/i1098#idm140711846985216

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies