Yes, if your bank withheld taxes on your interest, this would be similar to your employer withholding taxes on your salary, however it would not be subject to FICA taxes, only ordinary income tax.
On your 1099-INT, it should show how much they withheld and sent to the IRS. As you walk through the entries of your 1099-INT, you will need to check the box that says my form has numbers in additional boxes to be able to enter the taxes withheld.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
