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Level 1
posted Apr 1, 2020 4:14:53 PM

1099-INT for H1-B holder

Is it ok for an H1-B holder to receive 1099-INT form? 

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3 Replies
Expert Alumni
Apr 1, 2020 4:32:32 PM

H1-B holders are subject to U.S. income tax law for all income they earn in the U.S. However, as a non-resident, you may not be able to claim the same tax deductions as a permanent resident or citizen.

Level 1
Apr 1, 2020 4:43:13 PM

The 1099-INT is sent from a bank due to interests. So I wondered if having 1099-INT on H1B is illegal?  If so, how to resolve this issue?  Thank you!

Expert Alumni
Apr 1, 2020 4:48:36 PM

No, it is not illegal to earn interest. You have a valid non immigrant visa to work in the U.S. If you meet the individual filing requirements, you may have to file a tax return and the interest should be included. Nothing to worry about.