Form 1099-INT
Got Form 1099-INT? You’ll receive this form if you earn at least $10 in interest during the tax year.
Payers send copies of Form 1099-INT to you and the Internal Revenue Service (IRS), so it’s important you report your interest income on your tax return.
Understand Your Form 1099-INT
Box 1: Interest income
Taxable interest over $10 you must report, including $600+ earned through a trade or business.
Box 2: Early withdrawal penalties
Reports any principal or interest forfeited due to early withdrawal of funds, if applicable. This amount can be deducted from your gross income.
Box 3: Interest on U.S. savings bonds and treasury obligations
The amount of interest earned from U.S. Savings Bonds, as well as Treasury bills, notes, and bonds issued by the federal government. This interest isn’t included in the amount in box 1.
Box 4: Federal income tax withheld
shows any federal income tax that was withheld from your interest income. This can happen if you don’t provide the payer with your TIN.
Box 5: Investment expenses
Box 5 shows certain fees or expenses related to the investment.
Box 6: Foreign tax paid
Shows any foreign tax you paid on your interest income, which may help you claim a foreign tax credit or deduction on your tax return.
Related Information
Form 1099-INT: What It Is and How to Use It
Still have questions about your 1099-INT? Check out our blog for detailed explanations, FAQs, and helpful tips to file with confidence.
How to enter 1099-INT
Need help in TaxAct? Use this step-by-step guide to add or edit a 1099-INT in your return (Online dashboards, Classic, or Desktop).
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