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April 12, 2021
Question

Where do I enter interest income from a property I previously owned and now hold mortgage?

  • April 12, 2021
  • 2 replies
  • 0 views
Working on 2020 return.  Have had no problem with this entry in previous years with Turbotax.  Where is interest on mortgage I hold entered on current return?

2 replies

April 12, 2021

in the search box type seller-fin, then use the jump to box to open this form and enter the info.

in step-by-step/interview mode 

under section for wages and income

there's a section for interest and dividends

the last item should be interest from seller -financed mortgages

 

 

 

April 12, 2021

The interest that you receive from the seller financed mortgage is entered in the Interest and Dividends section of TurboTax. 

 

For the Desktop version, here is a screenshot of how to access this entry:

 

 

 

 

 

 

 

 

 

 

 

 

 

In the Online Version, this is found in the interest section:

 

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