Skip to content
White CP
White CP
White CP

Form 1099-INT

Form name:

Interest Income

IRC Section:

6049

Link to form:

https://www.irs.gov/pub/irs-pdf/f1099int.pdf

Purpose of form

Payors use Form 1099-INT to report:

  • $10 or more in interest income, interest on U.S. Savings Bonds and Treasury Obligations, and Tax-Exempt Interest (or at least $600 of interest paid in the course of their trade or business
  • Amounts withheld and paid any non-U.S. tax on interest; or
  • Amounts withheld (and not refunded) of any federal income tax under the backup withholding rules regardless of the amount of the payment.

Reminders for payors:

  • Report only interest payments made in the course of your trade or business including federal, state, and local government agencies and activities deemed nonprofit, or for which you were a nominee/middleman.
  • Report interest that is taxable original issue discount (OID) in box 1 or 8 of Form 1099-OID, Original Issue Discount, not on Form 1099-INT.
  • Report interest that is tax-exempt OID in box 11 of Form 1099-OID, not on Form 1099-INT.
  • Report exempt-interest dividends from a mutual fund or other regulated investment company (RIC) on Form 1099-DIV.

Information reported on form:

  • The name, address, taxpayer identification number and phone number of the payor,
  • The name, address, and taxpayer identification number of the recipient,
  • Interest income,
  • Early withdrawal penalty,
  • Interest on U.S. Savings Bonds and Treasury Obligations,
  • Federal income tax withheld,
  • Investment expense,
  • Foreign tax paid and identification of the country,
  • Tax-exempt interest,
  • Special private activity bond interest,
  • Market discount,
  • Bond premium,
  • Bond premium on Treasury obligations,
  • Bond premium on tax-exempt bond,
  • Tax-exempt and tax credit bond CUSIP number,
  • State information,

 

Please see Form 1099-INT for all other information required to be reported.

Reporting threshold: 

$10 or more ($600 or more in some cases).

Due date to recipient: 

January 31.

Due date to IRS (paper filing): 

February 28.

Due date to IRS (Electronic Filing): 

March 31.