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fasteddie577
Level 6
January 30, 2022
Solved

IRS Interest

  • January 30, 2022
  • 2 replies
  • 18 views

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

Best answer by DoninGA

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.

2 replies

DoninGA
Level 15
DoninGALevel 15Answer
Level 15
January 30, 2022

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
Level 6
January 30, 2022

Thank you.