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.
You'll need to sign in or create an account to connect with an expert.
in thhe interest and dividends section use the interest from seller-financed loans link
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
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
laurarincon2606
New Member
dmdavis0997
New Member
user17780406491
New Member
brooksp88
New Member
awbrown500
New Member