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lfsatrp
Returning Member

Seller financed mortgage

I live in Florida and I seller financed a property in Georgia.  I have no problem answering the questions by Turbo Tax, but am wondering if I owe any state tax on the interest in Georgia; that is do I need to file a Georgia tax return?

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2 Replies
ThomasM125
Expert Alumni

Seller financed mortgage

If you had a gain on the property sale, then it would be taxable income in Georgia, since the property is located there. So, you should file a Georgia tax return if there was a gain on the sale.

 

 

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lfsatrp
Returning Member

Seller financed mortgage

Thank You!  👍

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