Interest income filing

epchen1944 · ‎June 3, 2019

I made a loan to an individual, backed by his home. How do I report interest income received from this person? This is not a seller financed mortgage.

Patrice · ‎June 3, 2019

You would report the interest income in the Interest and Dividend section in TurboTax, if you do not have an actual 1099-INT, just enter the payer's name and the amount of the interest received in box 1 of the form. Then click on Continue and follow the interview until it completes the section.

https://ttlc.intuit.com/replies/3300478

View solution in original post

Patrice · ‎June 3, 2019

You would report the interest income in the Interest and Dividend section in TurboTax, if you do not have an actual 1099-INT, just enter the payer's name and the amount of the interest received in box 1 of the form. Then click on Continue and follow the interview until it completes the section.

https://ttlc.intuit.com/replies/3300478