You'll need to sign in or create an account to connect with an expert.
Since the IRS will receive 2 forms it would be a good practice to report each one separately.
All the IRS cares about is the total ... you are allowed to combine them without issue if you like.
I agree with both of the above responses.
However, I would enter the two 1099-INTs separately only if the return required the preparation of Schedule B.
So long as SCH B isn't required *AND* if the FEIN on both 1099-INTs is the same, you can combine them as a single entry if you like.
Thank you very much everyone for your help
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.
bluemoon
Level 3
bhwright3rd
New Member
payup
Level 2
Barbarian6
New Member
rlaz
Level 2