Solved: How do i report misc income on a private mortgage that is not seller financing?

How do i report misc income on a private mortgage that is not seller financing?

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If you received interest from a private mortgage, you have to report the interest as interest income on your return.

In TurboTax, you report it as interest just as if you had received a form 1099-INT from a bank. You enter this interest in the 1099-INT entry form.

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If you received interest from a private mortgage, you have to report the interest as interest income on your return.

In TurboTax, you report it as interest just as if you had received a form 1099-INT from a bank. You enter this interest in the 1099-INT entry form.

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

How do i report misc income on a private mortgage that is not seller financing?