Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the minimum amount of interest that can be earned before Form 1099-INT is required?

April 26, 2017earned form minimum

0

Posted

What is the minimum amount of interest that can be earned before Form 1099-INT is required?

1 Answer

0

Posted

A. Interest earned of $10 or more for the taxpayer in a tax year must be reported on Form 1099-INT. Interest is accumulated by taxpayer identification number and is not accumulated separately by each policy.