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April 6, 2024
Question

How do I claim Mortgage Interest earned on a Private Mortgage investment (I lent money and receive interest payments). Do I report this as self employed earnings?

  • April 6, 2024
  • 1 reply
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    1 reply

    TurboTaxSusan
    April 6, 2024

    No, not unless you have a business that provides loans. Instead, you can enter the income in the Investment section, under Interest and Other Investment Income.