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S
suzannemarieb
February 23, 2025
Question

how do we report form 1098 interest we received from a landcontract sale

  • February 23, 2025
  • 1 reply
  • 0 views
turbotax wants interest info for we paid not what we received from land contract sale we did

    1 reply

    M
    MAK70
    February 23, 2025

    If it was an Installment Sale, you can enter it under Installment Sale-  Less Common Income.  If it is just the interest, you will enter it under Interest on 1099-INT (even if you did not receive a 1099-INT).  

     

     

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