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Have questions? We've got you covered!What is Form 1099-INT?
Form 1099-INT is an IRS tax form used by payers such as banks, credit unions, mutual funds, savings institutions, government entities, and other financial institutions to report IRS regarding the interest income paid to the recipient/account holder. A copy of Form 1099-INT must also be provided to the recipient who earned $10 or more in interest during the tax year.
However, it's important to note that not all types of interest income are reported on Form 1099-INT. For example, tax-exempt interest income or interest income earned in certain retirement accounts may not be reported on this form.
To learn more about Form 1099-INT, click here.
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