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