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rwh2411
New Member

interest income

I sold a parcel of land years ago for which I took back a note for part of the purchase price.  The note holder has paid me a portion of the interest due.  How do I report that interest income.  There is no form 1099-INT.

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2 Replies

interest income

in thhe interest and dividends section use the interest from seller-financed loans link

KrisD15
Expert Alumni

interest income

You don't need Form 1099-INT, simply go to that section and enter the interest you received. 

 

Federal

Wages & Income 

Investments and Savings

Interest on 1099-INT     START

Select "Yes" and "Continue" and "Enter a different way" or "Skip import" to get to the "Investment Type" screen

Select Interest 1099-INT

Select "I'll type it in myself"

Enter the information as if you had a 1099-INT

 

@rwh2411 

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