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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?

 
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3 Replies
KrisD15
Expert Alumni

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?

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  

 

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midolocam
New Member

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?

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.

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?

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?

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