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October 10, 2021
Question

Where should I enter interest earned from a land contract that I hold?

  • October 10, 2021
  • 2 replies
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2 replies

Critter-3
October 10, 2021

In the interest section unless you are also getting principal payments ... 

 

Critter-3
October 10, 2021

Interest and principle payments for installment sales go here :  

 

VolvoGirl
Employee
October 10, 2021

Enter it like you got a 1099 INT for interest and put the amount in box 1

Enter a 1099-Int under

Federal

Wages & Income

Interest and Dividends

Interest on 1099-INT - Click the Start or Update button

 

Critter-3
October 10, 2021

@VolvoGirl 

 

There is a separate place for seller held loans ...see my screenshot.