This is good advice, thank you!
Though frankly the same procedure probably is relevant even if the only 1099's the disregarded LLC receives are 1099-INT from bank, all the same the disregarded LLC is merely a nominee recipient of the interest income.
Kind of silly though for the disregarded LLC, being a pass-thru entity for income tax purposes, has to act as a nominee for underlying person who is already responsible for reporting the disregarded LLC's income on their return. Never heard that procedure documented before!
Taken to the extreme, all other income of the disregarded LLC, whether reported to the LLC by a Form 1099 or not, is nominee income and should be reported to the single member owner on a Form 1099-MISC. At which point, you almost have the LLC no longer treated as a disregarded entity and Form 1099-MISC seems awfully similar to Form K-1, except there is no business return to support the amount on the information return!
