Hi , How to report interest payments from business checking account which was set up as a Sole Proprietary where SSN is used instead of EIN. Part 1 , Line 6 has this provision in Schedule C which can be used one can file multiple Schedule C under a different business name / doing business as and mark these Interest payments according to the businesses. is it supposed to be reported as Schedule B 1099-INT payment ? Which is the right option ? Thanks

Question

1099-INT & Schedule C

Hi ,

How to report interest payments from business checking account which was set up as a Sole Proprietary where SSN is used instead of EIN.

Part 1 , Line 6 has this provision in Schedule C which can be used
1. one can file multiple Schedule C under a different business name / doing business as and mark these Interest payments according to the businesses.
is it supposed to be reported as Schedule B 1099-INT payment ?

Which is the right option ?

Thanks