Hi,
If I have more than 20 1099-INT (all are bank interest or new account bonus) I am learning today that IRS doesn't allow e-file! Is this true?
Would IRS reject if I e-file by combining some of the 1099-INT amounts to stay under the limit of 20?
For example, my spouse and I both have a 1099 from Bank A and Bank B
As I am doing joint filing, can I combine me + spouse the 1099-INT totals for Bank A ?
Or should I combine 1099 INT of Bank A (mine) + Bank B (mine) ?
Many thanks!
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You can combine them if you like ... only the total will show up on the return anyway.
@CR Thank you
Combining which way pls?
Can I combine me+ spouse for the same bank?
I believe you are referring to Schedule B on which each 1099-INT issuer's name and total only will be reflected so the granular details don't matter, am I correct?
Just curious, Why does Turbotax asks details of 1099-INT such as Payer TIN, Who it belongs to etc to be entered?
Any way you see fit ... and the EIN is NOT required.
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