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New Member
posted Jan 14, 2025 6:53:46 PM

I have mortgages that were inheritance. I receive interest from them. The principle is tax free. What forms are needed to file for end user and myself?

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2 Replies
Level 15
Jan 14, 2025 8:16:39 PM

Delete 

Expert Alumni
Jan 20, 2025 4:24:15 PM

If the installment sale was previously reported by the decedent, report the Interest Income you receive as if you had received a 1099-INT, under Interest & Dividends in the Wages & Income section. 

 

Here's more discussion on reporting interest from an Inherited Installment Sale.