I earned interest in 2020 from the July 15 extended tax filing date. Do I have to pay taxes on that interest? I never received a 1099 from the irs.

In 2020 I had an overpayment so I was due money back from the irs and state irs. I filied in July before the exteded July 15 covid deadline. After receiving my regular overpayment I later received interest earned from the delayed filing. Do I have to pay taxes on this? I never received a 1099.

117

Level 15

Apr 13, 2021 8:36:09 AM

You should have got a 1099 or a letter from the IRS saying the interest. Yes you have to report it.

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For interest from the IRS put the amount in box 1.

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I earned interest in 2020 from the July 15 extended tax filing date. Do I have to pay taxes on that interest? I never received a 1099 from the irs.