turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

made 2 balloon payments on investment owner financed property

We have a commercial property for my business that we bought from the owners, that carry the note like the bank.  We had to refinance 2 properties, our home and rental property to get the money out and annuity.  2 balloon payments were made towards the principal.  It's written as part of the property under our business. One was made in July 2023 for $130,100 and Oct 2023 $70,000.  How do I input these payments toward the principal in your software?  The owners are still carrying the loan.  

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question