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My credit union didn't send out an interest statement for 2024. I added it to my income tax. Acceptable?

I just added the $86.36 to my total income. Have I broken any laws in doing so?
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2 Replies

My credit union didn't send out an interest statement for 2024. I added it to my income tax. Acceptable?

If you added it as interest received you have complied with the law. 

appgr99
Returning Member

My credit union didn't send out an interest statement for 2024. I added it to my income tax. Acceptable?

Yes it is fine.  You don't need the 1099-INT statement to add the info to your taxes, it just assists us in the recordkeeping.  As long as that's the amount of interest you received from them and you added it in the income place it is fine.  

 

Have you checked your app/online credit union account to see if you can download and print a copy?  I would also check your account preference settings just to make sure you aren't signed up for paperless statements.  With the way my mail has been lately, there is no telling what happened to it!!

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