I have a quit claim deed. I cannot find a way to i...
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awgjerm
New Member

I have a quit claim deed. I cannot find a way to input my interest into Turbotax. I do not get a tax form for this interest. How do I do this?

 
4 Replies
DavidD66
Employee Tax Expert

I have a quit claim deed. I cannot find a way to input my interest into Turbotax. I do not get a tax form for this interest. How do I do this?

A quit claim deed is not a tax document.  It shows ownership of property.  It would not be entered on your tax return.  Can you clarify why you are wanting to enter it on your tax return?

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awgjerm
New Member

I have a quit claim deed. I cannot find a way to input my interest into Turbotax. I do not get a tax form for this interest. How do I do this?

I make payments each month, and interest was about $1600 for the year 2020.

awgjerm
New Member

I have a quit claim deed. I cannot find a way to input my interest into Turbotax. I do not get a tax form for this interest. How do I do this?

Contract for deed is probably the correct term. 

fanfare
Level 15

I have a quit claim deed. I cannot find a way to input my interest into Turbotax. I do not get a tax form for this interest. How do I do this?

if you don't get a 1098, 

enter your interest paid under "interest not reported on a 1098"

Schedule A line 8b

 

click on "The seller is financing this loan and I didn't receive a 1098."

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