 seller finance mortgages so this again somewhat of an unusual situation usually when you're looking at the schedule b or reporting interest it's fairly straightforward kind of situation but you have some of the these kind of more unusual situations that could come up as well if you sold your home or other property and the buyer use the property as a personal residence list first any interest the buyer paid you on a mortgage or other form or seller financing be sure to show the buyer's name address and social security number you must also let the buyer know your social security number so if you don't show the buyer's name address and social security number or let the buyer know your social security number you may have to pay a $50 penalty if you or the buyer do not have a social security number use the appropriate tin for the filer or recipient of form 1098 so that's the interest you know form for mortgage interest so for more information see general instructions for certain information returns 2022 nominees again somewhat of a usual unusual situation here if you received a form 1099 int that includes interest you received as a nominee that is in your name but the interest actually belongs to someone else report the total online one do this even if you later distribute some or all of this income to others under your last entry online one put a subtotal of all interest listed online one below the subtotal enter nominee distribution and show the total interest you received as a nominee subtract this amount from the subtotal and enter the result online two so basically you're giving them more information in that case so you're telling them you know this is the amount on because you can see what's happening here right if you the iris is going to have the form 1099 and you're basically saying i've got this 1099 issued to me but i think it should be going to somebody else in essence and so you're basically listing out in the schedule that you have the interest to you minus the stuff that's going to someone else so it still ties into the actual form 1099 and then tells the iris where they need to go to get their money which is someone else right so but if you received interest as a nominee you must give the actual owner a form 1099 int unless the owner is your spouse and file forms 1096 and 1099 interest with the irs for more detail see the general instructions for for certain information returns and the instructions for form 1099 int and 1099 oid