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gaatutk88
New Member

Problem on 'Interest and Dividends' page

The box for 'Received interest payments for a seller-financed mortgage' is checked and cannot be unchecked.

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1 Reply
MayaD
Employee Tax Expert

Problem on 'Interest and Dividends' page

You have a seller-financed loan if you sell your home and you accept a trust deed or other repayment promise as part of the payment. The interest the buyer pays you is seller-financed mortgage interest income.

 

To uncheck that box:

If using TurboTax desktop:

  1. Go to Federal Tax
  2. Go to Wages and Income and scroll down to Interest and Dividend
  3. Select Update or start next to Interest from seller-financed loans
  4. On the following screen answer No to the question 

 

In TurboTax online 

  1. Select Federal Tax
  2. Select Wages and Income and scroll down to Less Common Investments and Savings
  3. Select start next to Interest from Seller-Financed Loans
  4. On the following screen answer No to the question 

 

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