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Level 1
posted Jan 29, 2022 10:27:55 AM

1099-INT from IRS

I received a 1099-INT from the IRS. How do I find out what it was for? That is, not the interest itself, but what generated the taxable interest.

0 4 724
4 Replies
Level 15
Jan 29, 2022 10:30:55 AM

Probably interest paid on a refund that they delayed payment on. 

Level 15
Jan 29, 2022 10:31:08 AM

Did the IRS give you interest on your 2020 tax refund?  It gave me a few dollars of some, even though my refund wasn't delayed.

Level 1
Jan 29, 2022 10:35:02 AM

Not sure. Is there a way to find out? But, are you saying that if they gave me interest on the refund they are now considering that interest that they paid me taxable income?

Level 15
Jan 29, 2022 12:28:08 PM

It would be for a refund you have already received. Yes, it is taxable. Don’t stress about it. Just report it.