TurboTax FAQ
TurboTax FAQ
1384 people found this useful

What is a 1099-INT?

Form 1099-INT is used to report interest income from banks, brokerages, and other financial institutions. These earnings are always reportable and are usually (but not always) taxable.

Although 1099-INT forms are not required to be issued for amounts less $10, you're still supposed to report the interest on your return.