Land Contract /Taxes - Posted by Jason Pongratz

Posted by JHyre in Ohio on February 16, 2002 at 05:58:04:

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Land Contract /Taxes - Posted by Jason Pongratz

Posted by Jason Pongratz on February 14, 2002 at 13:54:16:

I am in the process of completing my 2001 income taxes. Last year I sold a home on “contract” to an individual. Obviously, I still have the financing in my name and all the forms for interest paid on the note came to me for tax purposes. Legally, can I take credit for paying interest on the note?