Interest from seller financed loan double calculating

[sarymary]

I entered the interest I made from a seller financed loan but that amount is also showing up under the 1099-INT field but I never entered it there and there is no way for me to delete it.  It is flowing through to my 1040 line 2b in double the amount ($13,224 instead of $6,612) .  How do I correct that?

[Anonymous_]

(1) Interest from seller financed loans also shows up on 1099-INT (intuit.com)

[DoninGA]

Where exactly are you seeing this additional interest?

I just tried it using the 2023 TurboTax Premier Edition for Interest from Seller-Financed Loans.  The amount correctly was entered on Form 1040 Line 2b and on Schedule B Part I for Interest.  There were no other entries for the interest received.

[Mike9241 · Accepted solution]

did you enter the interest on the installment sale worksheet and again using the 1099-int?  if so that's where you doubled up - one or the other not both. preferred is the 6252 which avoids having to also enter a 1099-INT

[sarymary]

No - I only entered it once.  I just realized that it also doubled things last year.  I might just delete the seller financed loan part and enter it under 1099-INT.  I can't get it to go away any other way

[sarymary]

The first picture shows how it shows up in both places.  The 2nd picture shows what my seller financed interest is and the 3rd picture shows what I entered un 1099-INT.  If you add my checking account interest (212.87) to the seller financed income interest (6611.55) that equals the $6824 that shows up under 1099-INT.  The 4th picture shows my 1040 showing my taxable interest of 13,436

[sarymary]

shootski - winner, winner chicken dinner.  That's what happened - I entered it in the installment sale portion as well and didn't catch the error.  Thank you for the help!!!

[Mike9241]

I entered the interest I made from a seller financed loan but that amount is also showing up under the 1099-INT field but I never entered it there 

where did you enter the interest if not through the 1099-INT? we can't see your return so it's difficult to diagnose why this is happening.