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The fatca box is not checked what does this mean? I only have interest listed in box 1 of my 1099-INT. do i still need to claim this?
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The fatca box is not checked what does this mean? I only have interest listed in box 1 of my 1099-INT. do i still need to claim this?
Absolutely, you must report all income.
The FATCA box, if checked, indicates that the interest was from a foreign financial institution and requires special reporting.