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March 24, 2021
Question

Where can I enter interest income on a persona loan? There is no 1099-INT involved.

  • March 24, 2021
  • 1 reply
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1 reply

rjs
Employee
March 24, 2021

Enter the interest income from a personal loan as if you got a 1099-INT, even though you didn't. Just enter the name of the person who paid the interest, and enter the amount in box 1.


But if it's a seller-financed mortgage it has to be entered under "Interest from Seller-Financed Loans."