07-01-2006, 08:56 PM
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 Re: nominee interest 1099-INT, without SSN? Emma wrote: - quote - > I hope someone knowledgeable in this forum might be able to
Also, is interest earned from a money market account> help me with my question. I receive interest in a money > market account for money that belongs to my parents. They > are germans and also live in germany. I read that I am > technically required to issue them a 1099-INT for the money, > but they don't have a SSN. What should I be doing with my > 1099? - quote - > referred to as interest or dividend?
How was it reported to you? via 1099-INT or 1099-DIV? Eitherway, taxability is the same to the recipient. As a "dividend" it is non Qualified, and is not eligible for the special tax rates. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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06-30-2006, 10:27 PM
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| nominee interest 1099-INT, without SSN? I hope someone knowledgeable in this forum might be able to help me with my question. I receive interest in a money market account for money that belongs to my parents. They are germans and also live in germany. I read that I am technically required to issue them a 1099-INT for the money, but they don't have a SSN. What should I be doing with my 1099? Also, is interest earned from a money market account referred to as interest or dividend? I'ld appreciate any help in this matter. Thank a lot in advance. Emma << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| 1099int, interest, nominee, ssn |
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