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Get your taxes done using TurboTax
Yes, you can combine the interest from multiple accounts at the same bank into a single 1099-INT form. The IRS will match the total interest reported with your Social Security number, so you don't need to file separate forms for each account.
So, for FATCA, you need to report each account separately, but for 1099-INT, you can combine the interest from multiple accounts at the same bank into one form. FATCA is only concerned that you report your accounts but not concerned how you report your interest income on your tax return.
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‎February 19, 2025
6:35 AM