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Updated almost 5 years ago,

Lijuan Wei's profile image
Lijuan Wei's profile image
Lijuan Wei
  • from 35906
  • Member since Sep 3, 2019
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Lijuan Wei's profile image
Lijuan Wei's profile image
Lijuan Wei
  • from 35906
  • Member since Sep 3, 2019
Connect
Lijuan Wei
  • 35906
0
Votes |
12
Posts
Tax Liens & Mortgage Notes

mortgage note interested income tax too high？

Lijuan Wei
  • 35906
Posted

Sold my rental house owner financing last year. This year’s mortgage note interested income is $4312. After put it in turbo tax. 700was charged for federal and state tax together. Does that sound right? I feel like that is toooo high. It is like putting my 5.5% mortgage note to only 4.4%....

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