How do I record my interest income for a loan made in a previous year?

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How do I record my interest income for a loan made in a previous year?

cash basis upon year of receipt of the interest.

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How do I record my interest income for a loan made in a previous year?

cash basis upon year of receipt of the interest.

How do I record my interest income for a loan made in a previous year?

Interest you received in 2016?

If you received interest from someone either as mortgage interest or other interest, enter it like you had received a 1099-INT and put the amount in Box 1. Enter it under….
Federal Taxes Tab
Wages & Income
Interest and Dividends
Interest on 1099INT - Click the Start or Update button