nominee interest 1099-INT


E

Emma

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
 
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