1099-INT

Bank tax form

A 1099-INT is a U.S. tax form reporting interest income earned during the year.

Banks and other financial institutions issue it to account holders who earned more than ten dollars in interest: I got a 1099-INT from my savings account.

The form goes to both the taxpayer and the IRS, ensuring interest income is reported.

taxform

interest

Attention, stake, or fee

  • incomeRegular monetary receipts
  • IRSFederal tax collector
  • reportingConveying documented information

taxpayer · bank · filing · statement · earnings · financial institution · threshold · copy · payer · recipient

banking

savings

Accumulated money kept

CD · money market · credit union · accrued · yield · APY · compound · maturity · passbook · statement

investment

bonds

Ties that unite

portfolio · brokerage · securities · fixed income · coupon · yield · tax-exempt · taxable · TIPS · accrued

Opposites
income type reported

1099-INTW-2

Employer-issued tax form

1099-MISC · wage income · dividend income · W-4 · W-9

payer vs. recipient documentation

1099-INTForm 1040

Federal income tax return

tax return

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