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I have a 30 year promissory note and need to claim interest.

I receive monthly payments on property we sold
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1 Reply
Vanessa A
Expert Alumni

I have a 30 year promissory note and need to claim interest.

To enter your interest on an installment sale select the following:

  • Federal
  • Income
  • Show More next to Less Common Income
  • Start next to Installment sales
  • Walk through the steps to report the sale with installment income and interest
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