turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Spikegirl
New Member

Should we claim 1099-INT on our 2018 or 2019 Fed Inc Tax, if it was received by us on Jan 2, 2019, but paid on Dec 31, 2018?

 
3 Replies
Rachel_W
Expert Alumni

Should we claim 1099-INT on our 2018 or 2019 Fed Inc Tax, if it was received by us on Jan 2, 2019, but paid on Dec 31, 2018?

Did you receive a 2018 Form 1099-INT?
Spikegirl
New Member

Should we claim 1099-INT on our 2018 or 2019 Fed Inc Tax, if it was received by us on Jan 2, 2019, but paid on Dec 31, 2018?

I did. It includes the amount I received in my bank account on Jan 2nd, 2019.
jtax
Level 9

Should we claim 1099-INT on our 2018 or 2019 Fed Inc Tax, if it was received by us on Jan 2, 2019, but paid on Dec 31, 2018?

If the 1099 says 2018 then you should report it on your 2018 return. 

There are many investments that can pay a day or two later than you are credited with the interest or dividends.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v