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New Member
posted Jun 1, 2019 2:09:16 AM

Closed a savings account in the middle of last year, then opened a new one

Used 2/3 of that money to buy a house. I dont have any forms from either bank that i know of. I reported interest on the account last year but it was less than a couple hundred dollars. Do i need to report anything on this years tax return? And if so, what/how?

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1 Best answer
New Member
Jun 1, 2019 2:09:18 AM

Yes you need to report the interest earned on the savings account.  Since you closed the account and moved, it's possible the bank sent your Form 1099-INT to your old address.  I suggest contacting your bank.

1 Replies
New Member
Jun 1, 2019 2:09:18 AM

Yes you need to report the interest earned on the savings account.  Since you closed the account and moved, it's possible the bank sent your Form 1099-INT to your old address.  I suggest contacting your bank.