|
Posted by Emma on June 30, 2006, 6:27 pm
Please log in for more thread options
I hope someone knowledgeable in this forum might be able to
help me with my question. I receive interest in a money
market account for money that belongs to my parents. They
are Germans and also live in Germany. I read that I am
technically required to issue them a 1099-INT for the money,
but they don't have a SSN. What should I be doing with my
1099? Also, is interest earned from a money market account
referred to as interest or dividend?
I'ld appreciate any help in this matter. Thank a lot in advance.
Emma
<< ======================================================= >>
<< The foregoing is intended for educational purposes only >>
<< and does NOT constitute legal OR professional advice. >>
<< >>
<< The Charter and the Guidelines for submitting >>
<< messages to this newsgroup are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
|