topic Letter from IRS regarding taxabel interest paid in After you file

Letter from IRS regarding taxabel interest paid

flyerii — Tue, 20 Feb 2024 03:20:29 GMT

I received a letter from the IRS with this: "THIS IS NOT A TAX BILL. It shows the taxable interest paid to during the calendar year by the Internal Revenue Service. If you are required to file a tax return, report this interest as income on your return ..."

This feels like a 1099-INT, but it is not an actual 1099-INT. Where should I report this? 1099-INT, with the amount "Total Interest Paid or Credited" as Box 1?

Re: Letter from IRS regarding taxabel interest paid

Bsch4477 — Tue, 20 Feb 2024 03:26:23 GMT

Report like a 1099-INT with IRS as payer.

Re: Letter from IRS regarding taxabel interest paid

DawnC — Tue, 20 Feb 2024 03:26:45 GMT

Yes, enter it like a 1099-INT. Received from the IRS and the amount in Box 1. You do not need the actual 1099-INT to report your interest income.

Re: Letter from IRS regarding taxabel interest paid

pmconoley — Sat, 22 Feb 2025 18:08:26 GMT

It is clear how to report the taxable INTEREST.

But
Where is the CREDIT claimed?

Re: Letter from IRS regarding taxabel interest paid

DianeW777 — Sat, 22 Feb 2025 18:12:38 GMT

Report it as though it was received on a 1099-INT. You simply put IRS or Department of the Treasury as the payer and enter your interest amount. Nothing else is needed.

Where do I enter Form 1099-INT (IRS letter)?

@pmconoley