IRS Form 1099 INT

[Vt9]

I've received a mail from IRS for the 1099 INT for 2021. Do I input this info in the Schedule B Form 1099 INT Worksheet and is this also being tax as income since I was not aware that I received any interest payment from IRS last year. Thank you.

[Vanessa A · Accepted solution]

Yes, it would go in the 1099 INT worksheet for Schedule B and yes you are being taxed on it as it is interest income. 

[VolvoGirl · Accepted solution]

Yes the IRS took so long last year to pay refunds they paid interest on it.

Enter interest from the IRS like a 1099Int and put the amount in box 1.  Enter it manually and just enter IRS for the payer.  Don't enter any other info like the address.

Enter a 1099-Int  under

Federal on left

Wages & Income at top

Interest and Dividends

Interest on 1099INT - Click the Start or Revisit button

Don't enter a bank or broker name and don't try to import it.  At the bottom pick -  Change How I enter my Form

Then on the next screen pick I'll Type it in Myself

[PoppaChris]

If you received a 1099-INT, then the amount on it has been reported as income regardless of whether or not you actually received a check.  You must report it as income on your 1040 return.