smherndon
Level 1

Thank you for trying to help me.

My question was unclear. Every year prior to this one (2019) I was able to enter the total amount of interest per payer directly on the Seller-financed mortgage interest statement. This year there is no place to enter the amount of interest on this statement. It only has spaces for payer's names, addresses and SSN or EIN.

In the past the grand total of all mortgage interest flowed from the Seller-financed mortgage interest statement to "Line 1-Interest Income" on the Interest and Dividend worksheet.

Not all interest received had to be reported to the IRS on Form 1098 - Mortgage Interest, i.e., less than $600 or payer was not an individual, so my total will be more than reported to IRS.

I guess I will create a supporting statement for Line 1-Interest Income and put the grand total of mortgage interest received there as suggested by ProSeries tech support. I don't see any other way to report it.

 

0 Cheers