Pennsylvania REV-1507 -- Schedule D — Mortgages & Notes Receivable is a form used by Pennsylvania taxpayers when filing their state income tax returns. It is used to report any mortgages or notes receivable that the taxpayer has acquired during the taxable year. This form is divided into three sections: Section 1: Mortgages and Notes Receivable, Section 2: Amount of Mortgage and Note Interest Deductible, and Section 3: Interest Income from Mortgages and Notes Receivable. There are three types of Pennsylvania REV-1507 -- Schedule D — Mortgages & Notes Receivable: Home Mortgage Loans, Business Mortgage Loans, and Promissory Notes. Home Mortgage Loans must be secured by the taxpayer’s residence to be reported on this form. Business Mortgage Loans must be secured by the taxpayer’s business property to be reported on this form. Promissory Notes must be issued by one entity to another and must not be secured by any property to be reported on this form.
Pennsylvania REV-1507 -- Schedule D — Mortgages & Notes Receivable is a form used by Pennsylvania taxpayers when filing their state income tax returns. It is used to report any mortgages or notes receivable that the taxpayer has acquired during the taxable year. This form is divided into three sections: Section 1: Mortgages and Notes Receivable, Section 2: Amount of Mortgage and Note Interest Deductible, and Section 3: Interest Income from Mortgages and Notes Receivable. There are three types of Pennsylvania REV-1507 -- Schedule D — Mortgages & Notes Receivable: Home Mortgage Loans, Business Mortgage Loans, and Promissory Notes. Home Mortgage Loans must be secured by the taxpayer’s residence to be reported on this form. Business Mortgage Loans must be secured by the taxpayer’s business property to be reported on this form. Promissory Notes must be issued by one entity to another and must not be secured by any property to be reported on this form.
