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jkwiggers
New Member

Should I continue to list only the individual payers on ScheduleB? Should I list the collection services' name as the payer? s

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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Accepted Solutions
PaulaM
Employee Tax Expert

Should I continue to list only the individual payers on ScheduleB? Should I list the collection services' name as the payer? s

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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1 Reply
PaulaM
Employee Tax Expert

Should I continue to list only the individual payers on ScheduleB? Should I list the collection services' name as the payer? s

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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