Desktop

To enter the interest income from a seller-financed mortgage in the TaxAct Professional Editions program, follow the steps below:

1. From within the TaxAct return, click Federal. 
2. Click review Taxable interest income, then scroll down and click Add New Copy of Federal Seller Financed Mortgage under Seller Financed Mortgage – Interest Income.
3. Complete the rest of the interview process. 

TaxAct Online

To enter the interest income from a seller-financed mortgage in the TaxAct Online program, follow the steps below:

Dashboard

1. From within your TaxAct return, click Income.
   • On smaller devices, click the menu at the top left corner of your screen, then make your selection.
2. Click the Explore More drop-down.
3. Click Add beside Seller-Financed Loan Interest. 
4. Complete the rest of the interview process. 

Classic

1. From within your TaxAct return, click Federal. 
   • On smaller devices, click the menu at the top left corner of your screen, then make your selection.
2. Click the Investment Income drop-down, then click Interest income from Seller Financed Mortgage(s).
3. Complete the rest of the interview process. 

Related Links

• Individuals – Seller-Financed Mortgage
• Seller-Financed Mortgage More Than 20 Forms
• IRS Publication 523
• IRS Publication 537