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what if I report 1099-INT those interests and subtract those interests (the same amount) in Schedule 1 Line 8z as negative income with an explanation?


Let's say - they sent me 1099-INT, so I reported it and removed the full amount of the interest to make it not taxable and will add it again once they will resend it to me next year or whenever they want to.

So in this case even if in the future, despite what I see in Pub 538 about "Constructive receipt" they would decide that I received income - I will just pay tax on it + fees and will do an amendment.
Cos I think in this case I will cover most negative scenarios so they wouldn't blame me on non-reporting income.