You'll need to sign in or create an account to connect with an expert.
No. The 1099-INT is not required to report interest income. Typically, banks will not even issue the 1099-INT for interest amounts of less than $10. But even then, one is still required to report it. If you'll note in the 1099-INT section of the program, all it asks for is the name of the institution that paid you the interest, and the amount they paid you. There's no need for a payer's EIN or anything else for that matter. (Not sure, but I don't think it even asks for the address of the payer either.)
Thank you! I figured that was the case but didn’t want to miss something. I appreciate the quick reply!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
samarth2222
New Member
BH32
New Member
idl1i31
New Member
ahmadyahia1
New Member
neworchid
Level 3