IRS Form 1099-INT
Report interest income paid to a person during the year.
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About IRS Form 1099-INT
Form 1099-INT, Interest Income, is how banks and other payers report interest they paid during the year. The payer sends a copy to the person who earned the interest and to the IRS, and the recipient uses it to report the interest on their return.
This page is a general guide and a fillable helper, not tax advice. Always download and file the current official form from the IRS at https://www.irs.gov/forms-pubs/about-form-1099-int and confirm the fields match. The copy filed with the IRS is a scannable form, so follow the IRS instructions for filing.
Who needs to complete it
- Banks, credit unions, and other payers that paid reportable interest during the year.
- Businesses or individuals who paid interest at or above the IRS reporting threshold.
- Payers who withheld federal income tax on interest under backup withholding.
- Recipients receive a 1099-INT to report interest income on their own return.
How to fill out IRS Form 1099-INT
- 1Enter the payer's name, address, and taxpayer identification number.
- 2Enter the recipient's name, address, and taxpayer identification number.
- 3Report the interest income you paid in the interest income box.
- 4Enter any early withdrawal penalty and interest on US savings bonds or Treasury obligations in their boxes.
- 5Enter any federal income tax withheld under backup withholding in the federal tax withheld box.
- 6Complete the state boxes if you need to report state tax.
- 7Give the recipient copy to the payee and file the IRS copy by the deadlines in the current instructions, using the official scannable form for filing.
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Frequently asked questions
Who receives a 1099-INT?
A person or entity generally receives one when a payer, such as a bank, paid them reportable interest during the year at or above the IRS threshold. Check the current IRS instructions for details. This is a general guide, not tax advice.
Do I report interest even if I did not get a 1099-INT?
Taxable interest is generally reportable whether or not a form arrives. Keep your own records and follow the IRS instructions when preparing your return.
Can I print this to file with the IRS?
No. The copy you file with the IRS must be the official scannable version. Use the IRS approved filing methods in the current instructions.
Is this the official IRS form?
This is a fillable helper for understanding the boxes. Always download and file the current official form from the IRS at https://www.irs.gov/forms-pubs/about-form-1099-int and confirm the fields match.