Question

how do I record mortgage income?

I hold a mortgage and made $6211.41 of interest. Where do I record that?

If you as the seller financed the mortgage -

Click on Federal Taxes (Personal using Home & Business)

Click on Wages & Income (Personal Income using Home & Business

Click on I'll choose what I work on (if shown)

Under Interest and Dividends

On Interest from Seller-Financed Loans, click the start button

I'm using turbotax premium and the menu options you are suggesting are no applicable. Additionally I did not sell the home. I only financed it.

Do you mean that you paid $6211.41 of interest and you want to deduct it on your Schedule A?

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