Form 1099-INT


DEFINITION of 'Form 1099-INT'

The form issued by all payers of interest income to investors at year's end. Form 1099-INT breaks down all types of interest income and related expenses. Payers must issue Form 1099-INTs for any party to whom they paid at least $10 of interest during the year.


Taxpayers who receive over $1,500 of taxable interest must list all of the payers on Part 1 of Schedule B on Form 1040, or Part 1 of Schedule 1 on the 1040A. Form 1099-INTs will always report interest paid as cash-basis income. Income that is owed but not yet paid cannot be reported on this form.

  1. Interest

    The charge for the privilege of borrowing money, typically expressed ...
  2. Interest Expense

    The cost incurred by an entity for borrowed funds. Interest expense ...
  3. 1040 Form

    The standard Internal Revenue Service (IRS) form that individuals ...
  4. Cash Basis

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  5. Nominee Interest

    An interest payment that a person receives on behalf of someone ...
  6. 1040A Form

    A simplified version of the 1040 form for individual income tax. ...
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  1. How are savings bonds taxed?

    According to Treasury Direct, interest from EE U.S. savings bonds is taxed at the federal level but not the state or local ... Read Full Answer >>
  2. What is the difference between stated annual return and effective annual return?

    Essentially, the effective annual return accounts for intra-year compounding, and the stated annual return does not. The ... Read Full Answer >>
  3. How does an investor make money on bonds?

    Bonds are part of the family of investments known as fixed-income securities. These securities are debt obligations, meaning ... Read Full Answer >>
  4. Are personal loans tax deductible?

    Interest paid on personal loans is not tax deductible. If you take out a loan to buy a car for personal use or to cover other ... Read Full Answer >>
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    Funds from a Flexible Spending Account (FSA) can be used to cover costs associated with installing, maintaining and removing ... Read Full Answer >>
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