if you sell a house on a contract for deed do you have to charge interest?I want to sell my house to my kids I will not make a profit, they will make monthly payments to me because their credit is not good enough to get a mortgage. I will not be selling the house for more than I paid for it.I was told I had to charge them interest and report the whole payment as income.August 23 2012 - Battle Creek0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.