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Business & farm
Yes, you can enter this interest on your own Schedule B regardless of the EIN printed on the 1099-INT. Whether you enter it as interest income or add it as other income on the Schedule E, there is no special treatment for this so the tax will be the same.
To your point about Schedule C, the interest does not have to be added to that schedule, and can also be added under interest income to eliminate self employment tax.
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‎February 14, 2024
9:15 AM