What do i need to do with this 1099-INT . It has in box number 1 ( interest income)a certain amount. I dont know what to do. Is this something i have to give to IRS?
032558
3 Replies
KrisD15
Expert Alumni
Apr 10, 2024 6:26:02 PM
Please enter that under
Wages & Income
Interest and Dividends
Interest on 1099-INT START or UPDATE
You might have earned some interest on a savings account
midolocam
Level 2
Apr 10, 2024 6:27:55 PM
The amount in Box 1 must be reported under Interest Income. You should keep the 1099-INT with a copy of your tax return for your records.
VolvoGirl
Level 15
Apr 10, 2024 6:32:22 PM
Who is it from? It usually is from your bank reporting how much interest they paid you. Interest is taxable. Is it from the IRS or your state? They may have paid you interest on your last year's refund. Do you remember getting any interest on an account or something?