What is a 1099-INT?
Form 1099-INT is used to report interest income paid to individuals. A 1099-INT must be provided to the recipient, and a copy mailed or e-filed with the IRS.
Why do I file 1099-INT?
The IRS requires that all income is reported by businesses and individuals or penalties could apply.
Who needs to file 1099-INT?
Any organization which has paid interest income, withheld foreign tax on interest or withheld federal tax under the backup withholding rules must use form 1099-INT. See the official IRS instructions.
What to report
Interest Income
Amount to report
$10 or more ($600 or more in some cases; see Official IRS Instructions for details)
