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Report only interest payments made in the course of your trade or business including federal, state, and local government agencies and activities deemed nonprofit, or for which you were a nominee/middleman.

Publication 1212, Guide to Original Issue Discount (OID) Instruments, has two purposes. Its primary purpose is to help brokers and other middlemen identify publicly offered original issue discount (OID) debt instruments they may hold as nominees for the true owners, so they can file Forms 1099-OID or Forms 1099-INT, as required. The other purpose of the publication is to help owners of publicly offered OID debt instruments determine how much OID to report on their income tax returns.

File Form 1099-INT, Interest Income, for each person 1) To whom you paid amounts reportable in boxes 1, 3, and 8 of at least $10 (or at least $600 of interest paid in the course of your trade or business); 2) For whom you withheld and paid any foreign tax on interest; or 3) From whom you withheld (and did not refund) any federal income tax under the backup withholding rules regardless of the amount of the payment.