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Where should I enter interest earned from a land contract that I hold?
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Where should I enter interest earned from a land contract that I hold?
In the interest section unless you are also getting principal payments ...
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Where should I enter interest earned from a land contract that I hold?
Enter it like you got a 1099 INT for interest and put the amount in box 1
Enter a 1099-Int under
Federal
Wages & Income
Interest and Dividends
Interest on 1099-INT - Click the Start or Update button
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Where should I enter interest earned from a land contract that I hold?
Interest and principle payments for installment sales go here :
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Where should I enter interest earned from a land contract that I hold?
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