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stevenf49
New Member

correct 1099-int

We cashed a savings bond with my wife and son's name on it in December of 2021. The bond's 1099-int was supposed to be under my son's social security number but instead was issued to my wife. I spoke to the bank and they thought that it was too late because of it being cashed in 2021 and it being 2022. I have not filed my 2021 tax return. Is there any way to have this corrected so the interest will be on his taxes?

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1 Reply

correct 1099-int

The IRS will get a copy of the interest form with the wife’s social security number and expect to match it with her return. Only remedy is for bank to send corrected 1099-INT. You might have to appeal to the bank manager. 

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