I have a tax statement from Bank of America but no 1099-INT form to be found. I also closed both my BoA checking and savings over a month ago. Suggestions?

[hlannan]

I'm trying to see if there is any taxable interest, etc. but if I only have a statement then I can't find any of that information out. Help!

[KenH1]

The 1099-INT would be one of the sections in the consolidated statement if you had interest.

Banks sometimes won't issue 1099-INT forms if the amount is less than $10.  You don't need it, but should still report a number.  Try contacting your bank to get the interest amount; if not, you should report an estimate ($10 or whatever).

My guess is that you either had zero interest or a very small amount.  Worst case scenario is the IRS adjusts your refund by a buck or two.

[hlannan]

My statement from them was for bonds I had deposited. Over 1k worth. That's why not having a form like the 1099-INT was problematic. Therefore, I am afraid that I may have overpaid taxes this year due to that.

[Thlacung12]

I have a tax statement

[DaveF1006]

If you do not have a 1099 INT, you can still report your bank interest in Turbo Tax. You would go to:

1) Sign into your account and  select Take me to my return

2.   From the top, select tab Federal Taxes / Wages and Income 

3.   Select all income> Interest and Dividends>show more>interest on 1099-INT

4.    Select Start>Did you receive any interest income>yes

5.  Next screen says Let's get your tax info indicate you want to type it in yourself

6)  Let's get the info from your 1099-INT  here you would put in name of the institution and amount received as if they have issued the 1099 INT. This is a perfectly acceptable alternative if you never received the form.

[Oyes]

@KenH1 KEN H1
Hey hi , so you said IRS will adjusts your refund by a buck or two. So does IRS issues a notice or anything for such minor issues or it settles the refund automatically. I actually did not put any 1099 int income and also i do not remember if i recieve any mail for 1099 INT form. But i am a non resident alien and i think this income is exempt for me. And i don't think i had much of any income in 1099 INT. Please reply asap

[AnnetteB6]

If the amount that was not reported on your return is significant enough to make a change in your taxes, then you would receive a notice from the IRS for under-reporting your income.  Part of the notice would include any changes they made to your return to add the income and recalculate your taxes.  Generally, you would also see an amount that you owe due to the change.

If the amount that was not included was small enough that you did not receive a Form 1099-INT, you will probably not be contacted by the IRS with a notice, especially since it should be exempt from taxes in your case.

@Oyes

[Oyes]

@AnnetteB6 
Actually the thing is that i was non resident alien on OPT visa.
I worked there for 10 months and i returned to my home country after that and the problem is i have received 2 letters from IRS on my american address but i do not have a access to it now (as i am in my home country) and i do not know what these letters are about. I think that they were 1099 int and some other forms but i don't know and also i just had salary income througout the 10 months and nothing else.
So the thing is i opened a chase bank account on which 20$ were given as bonus and i think that this was to be included in 1099 int. I have opted for online tax document facility provided by chase bank but i called chase customer care they said i do not have any tax document pending nor it is showing me in the app.

Also now i have filed my tax return, Do you think that there would be any consequences to this as i think the income in 1099 int is exempt for non resident alien and if there would be any income (minor amt) will i get into any trouble because there would be no differnce in tax liab as it is exempt amount.

[DianeW777]

No, if you are confident the amount is tax exempt, then there would be no additional tax liability.  If this is the case then there is nothing to do.  If you do receive any kind of notice, then you can explain at that time.  Until you actually know what income you have or what the IRS might be referring to it's difficult to provide exact guidance.

You might try checking your IRS Online account or creating one.