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.
- Where do I enter Form 1099-INT?
- What if I didn't get a 1099-INT from my bank?
- Do I need to report my child's 1099-INT on my return?