That would mean that you sold a house, and the buyer did not get a loan from a bank, They did not pay for the house up front, but rather owe you the value of the house. You would then "collect the mortgage", both principal and Interest. The question refers to the interest you received.

TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

conn-con

Question

clarify this statement. this interest is from a mortgage i hold on a home i sold to someone who lives in the home as their main residence

Forum|Forum|1 year ago
February 19, 2025
1 reply
0 views

No text available

JohnB5677

That would mean that you sold a house, and the buyer did not get a loan from a bank,

They did not pay for the house up front, but rather owe you the value of the house.
You would then "collect the mortgage", both principal and Interest.
The question refers to the interest you received.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"