Please follow the instructions below:Click Federal Taxes Click Wages & IncomeScroll down to Interest & DividendsClick Start next to Interest from Seller-Financed LoansAnswer Yes to Did you receive interest payments from a seller-financed mortgage?Proceed through the rest of the interview to enter your mortgage interest.

Question

Where to I report seller-financed mortgage interest

Forum|Forum|6 years ago
June 1, 2019
1 reply
0 views

No text available

TurboTax Premier Online

T

Tonita

Please follow the instructions below:

Click Federal Taxes
Click Wages & Income
Scroll down to Interest & Dividends
Click Start next to Interest from Seller-Financed Loans
Answer Yes to Did you receive interest payments from a seller-financed mortgage?
Proceed through the rest of the interview to enter your mortgage interest.

M

momfromatoz

My father owned a property that he was selling in a seller financed mortgage (land contract) to another person.

He has since died, so I am using TurboTax Business to complete the Estate taxes. The general instructions for reporting the interest income in other TurboTax programs is:

Federal TAxes

WAges & INcome

INterest & Dividends

INterest from Seller financed mortgages

However, that is not an option in TurboTax Business. Please let me know where I can enter this information?