How do you enter the interest you paid on a land contract?

redneck22nkz · ‎April 04, 2025

We bought a house and property via a land contract. We make monthly payments directly to the previous owner. How do we enter the interest we have paid onto our taxes?

ThomasM125

You enter your seller-financed mortgage in the Deductions and Credits section of TurboTax, then Your Home, then Mortgage Interest, Points, Refinancing, and Insurance. On the screen that says Do any of these situations apply? choose the option that says This is a seller-financed loan and I did not receive a 1098:

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How do you enter the interest you paid on a land contract?