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Level 1
June 1, 2019
Question

The fatca box is not checked what does this mean? I only have interest listed in box 1 of my 1099-INT. do i still need to claim this?

  • June 1, 2019
  • 1 reply
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1 reply

Level 9
June 1, 2019

Absolutely, you must report all income.

The FATCA box, if checked, indicates that the interest was from a foreign financial institution and requires special reporting.