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June 4, 2019
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How do i report misc income on a private mortgage that is not seller financing?

  • June 4, 2019
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Best answer by MinhT1

If you received interest from a private mortgage, you have to report the interest as interest income on your return.

In TurboTax, you report it as interest just as if you had received a form 1099-INT from a bank. You enter this interest in the 1099-INT entry form.

1 reply

MinhT1Answer
June 4, 2019

If you received interest from a private mortgage, you have to report the interest as interest income on your return.

In TurboTax, you report it as interest just as if you had received a form 1099-INT from a bank. You enter this interest in the 1099-INT entry form.

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