I receive 30+ 1099INT forms from collection service companies. I have always listed the actual payer as the payer. But now I see that the collection services list their name as the payer, NOT the individuals. Can I include both?
You'll need to sign in or create an account to connect with an expert.
You can do it either way.
You could enter the payer whose TIN is listed on the 1099-INT only. Or in TurboTax, enter as 'collection service name/individuals name' and it will all be on the same line on the Schedule B.
You can do it either way.
You could enter the payer whose TIN is listed on the 1099-INT only. Or in TurboTax, enter as 'collection service name/individuals name' and it will all be on the same line on the Schedule B.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
sydney1971
Returning Member
amybri617
New Member
kevinoffsite
New Member
marting1
New Member
in Education
annfritzi
Level 2