That's Okay. When you file your taxes, you don’t need to attach copies of the 1099-INT forms you receive, but you do need to report the information from the forms on your tax return.
That’s because each bank, financial institution or other entity that pays you at least $10 of interest during the year is required to:
- prepare a 1099-INT,
- send you a copy by January 31, and
- file a copy with the IRS.
The IRS uses the information on the 1099-INT to compare the amount on the form to what you report on your tax return.
You must retain all your documents in the event the IRS has questions.
If this does not completely answer your question, please contact us again and provide some additional details.