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Glossary > N > "Nominee Interest" Definition

Nominee Interest

Interest that a person receives on behalf of someone else. If you pass the interest on to another person, then you must file a Form 1099-INT to get an interest adjustment and thereby reduce your taxable interest.

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Nominee Interest - Interest that a person receives on behalf of someone else. If you pass the interest on to another person, then you must file a Form 1099-INT to get an interest adjustment and thereby reduce your taxable interest.

Nominee Interest : interest that a person receives on behalf of someone else. if you pass the interest on to another person, then you must file a form 1099-int to get an interest adjustment and thereby reduce your taxable interest.