Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
K
kwomach
March 18, 2024
Question

Turbo Tax 1040 Schedule B requiring SSN

  • March 18, 2024
  • 1 reply
  • 0 views

I sold a piece of Land in 2022 as an installment sale.  In 2023, the interest is required to be reported on Schedule B.  Turbo Tax will not let me continue without a valid SSN.  I do not have the SSN and since it is not the buyers primary residence it is not required for this form.  What am I doing wrong?  Is there another form that I can use or check box that will allow me to proceed.

 

Thanks!

 

    1 reply

    K
    kwomachAuthor
    March 18, 2024

    As an update the issue is that it is automatically creating a Seller-Finance Interest Statement that is only required if the sale is for a property used as a primary residence based on the installment sale.  When this is not the case.

    T
    ThomasM125
    March 18, 2024

    You may have answered "yes" to this question by mistake, where it asks if you received a mortgage payment. You will see it when you are entering in your installment sale entries:

     

    If you did, you will be asked to enter the buyer's social security number. If so, you may need to delete your installment sale entry and re-enter it.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    K
    kwomachAuthor
    March 18, 2024

    Thanks I just double checked this and it is not checked.  So I am not sure what to do next.

     

     
     

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification