I cashed in some saving bonds on December 20, 2016. I never received a 1099-int form. Will I just claim the interest on next years taxes.

 
CDJohnK
New Member

Investors & landlords

No. You will need to report this year. 

Any amount of income that is more than 49 cents is reportable and taxable.

If the amount is less than $10, the bank does not have to send you a 1099-INT, but you are required to report the income. You report it as if the bank had sent you a 1099-INT. Just put the bank name as the payer and put the interest in Box 1.

If your interest is more than $10, you will need to contact your financial institution and request the 1099-INT. 

Included is a link on 1099-INT filing and tips:

https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/Filing-Tax-Form-1099-INT--Interest-Inco...

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