What is this interwsrt on 1099 int

this makers no sense who is here to help

posted

You question is hard to understand. Did you get a 1099 INT for interest? From who? The IRS paid interest last year on your refund because they took too long to send it.

did you get a 1099-Int from the IRS/US Treasury? then it's probably because the IRS was tardy in getting you your refund and is required by law to pay you interest. that interest is taxable for both federal and state (if you have a state income tax )purposes