JamesG1
Expert Alumni

After you file

Is this current year?  Can the 1099-Int be re-issued in the name of the business rather than using your social security number?

 

If you are in the business of lending money or if you are paid interest on notes receivable that you were given by your customers, you would report that interest income on your Schedule C or C-EZ.  In that case, the interest paid should be reported on Line 6 of Schedule C or Line 1 of the C-EZ.

 

The nominee process would allow you to report the interest on Schedule B and 'move' it the the Schedule C.

 

Your real issue is with the IRS examiner who needs to be persuaded to your line of thinking.

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