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February 22, 2025
Question

We sold a house and financed it. We received money down and 5 payments with interest. Where do I enter this income?

  • February 22, 2025
  • 1 reply
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    1 reply

    JohnB5677
    February 23, 2025

    Yes, This can be included under Self-Financed Loans

     

    To post this income, follow these steps:

     Select Tax Tools

    • This is on the left sidebar
    • You may have to minimize the Federal and State options
    • You also may have to scroll down on that menu
    1. Once you can work on Tax Tools
    2. On the drop-down select Tools
    3. There will be 3 or 4 green boxes
    4. Select Topics Search
    5. Type Mortgage Interest received
    6. You will see Any Seller-Financed Loans? Yes
    7. Enter Seller-Financed Interest You Received
    8. Continue through the questions.

     

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