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Get your taxes done using TurboTax
Thank you @Vanessa A
In the past and exact identical situations, other banks have categorized this bonus by sending a 1099-INT. Out of curiosity, why is there an inconsistency and how do financial institutions determine if this is to be categorized as Interest vs Misc Income? (I also read other similar topics on this community where the suggestion was to report it as interest). Is this one of those gray areas since the end result is perhaps the same? Thanks again.
‎February 17, 2022
1:42 PM