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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121333  
Subject: Re: What type of income? Date: 3/22/1999 1:34 AM
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[[ I receive payments on a house my father "seller-financed." I have not received a
1099 for these payments. I am sure it is reportable, but where? There was no
inheritance tax. The lawyer collects a small fee and distributes the monies
quarterly. He gave me a 1099-INT for the interest on the payments while they
were in his possession. ]]

Most likely on Sch B for interest. But I'm not really clear on what was sold, how it was sold, and who owned it. So I can only guess without being able to see the actual documents.

TMF Taxes
Roy
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