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?
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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.
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