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Learn More About 1099-INT


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.

When do I file 1099-INT?

1099-INT forms are required to be mailed to the recipient by January 31, 2018 and e-filed with the IRS by April 2, 2018.

1099-INT Reporting Information

What to report Amount to report
Interest Income $10 or more ($600 or more in some cases; see Official IRS Instructions for details)