How do I claim Mortgage Interest earned on a Private Mortgage investment (I lent money and receive interest payments). Do I report this as self employed earnings?
How do I claim Mortgage Interest earned on a Private Mortgage investment (I lent money and receive interest payments). Do I report this as self employed earnings?
How do I claim Mortgage Interest earned on a Private Mortgage investment (I lent money and receive interest payments). Do I report this as self employed earnings?
No, not unless you have a business that provides loans. Instead, you can enter the income in the Investment section, under Interest and Other Investment Income.
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