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fasteddie577
fasteddie577
Level 6
Jan 30, 2022 8:01 PM UTC
Solved

IRS Interest

Do I report interest that the IRS paid me on the same form as bank savings interest? Also, do I include the IRS Payer's Fed. ID # on the form? Thanks

DoninGA
DoninGAAnswer
Level 15
Jan 30, 2022 8:04 PM UTC

Yes you report the interest received from the IRS on the Form 1099-INT.  Use the Federal EIN if reported to you on the IRS notice and enter the IRS for Received From and enter the amount of interest in box 1.

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2 replies

DoninGA
Level 15
DoninGALevel 15Answer
Level 15
Jan 30, 2022 8:04 PM UTC

Yes you report the interest received from the IRS on the Form 1099-INT.  Use the Federal EIN if reported to you on the IRS notice and enter the IRS for Received From and enter the amount of interest in box 1.

    fasteddie577
    fasteddie577Author
    Level 6
    Jan 30, 2022 9:10 PM UTC

    Thank you. 

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