The application of 1009-Int from the deposits held in escrow accounts for the payment of Property taxes and Insurance is further complicated when a property partnership/ownership interest is present and TT is used to automatically split revenues and expenses by entering the property ownership percentage. In this circumstance, would it be better to have the partner whose "Recipient's TIN" (SS#) is on the 1099 report the Interest, rather than the possibility raising additional questions by splitting/submitting partial 1099-Ints under ordinary income?
