E-file Form 1099-INT Online

• Box 1: Interest Income

  Enter the taxable interest of $10 or more you paid to the recipient, which is not included in box 3. Also, enter the interest of $600 or more you paid in the course of your trade or business under certain conditions.

• Box 2: Early Withdrawal Penalty

  Enter the early withdrawal penalty in Box 2 if a recipient withdraws money from a CD (certificate of deposit) or other time-deposit savings account before your certificate matures.

  Taxable interest Sources:

  • Bank account dividends, money market accounts, certificate of deposit (or CD), corporate bond or deposited insurance
  • Interest from notes and bonds; treasury bills
  • Interest from Series EE and Series I U.S. Savings Bonds when these bonds are redeemed or mature

  Check the Box.1 requirements of Form 1099-INT

• Box 3: Interest on U.S. Savings Bonds and Treas. Obligations

  Enter interest on U.S. Savings Bonds, Treasury bills, Treasury notes, and Treasury bonds.

• Box 4: Federal Income Tax Withheld

  If you withheld any taxes under Backup withholding for not furnishing the correct TINs, you must report in Box 4.

• Box 5: Investment expenses

  Enter the amount on the payee's share of any investment expenses from a single class REMIC (A real estate mortgage investment conduit).

• Box 6: Foreign Tax Paid

  Enter if you paid any foreign taxes on interest.

• Box 7: Foreign Country or U.S. Possession

  If you paid any foreign tax as reported in Box 6 of Form 1099-INT, enter the name of the foreign country or
  U.S. possession.

• Box 8: Tax-Exempt Interest

  Enter the tax-exempt interest you paid to your recipient during the tax year.

• Box 9: Specified Private Activity Bond Interest

  Enter any interest exceeding $10 from specified private activity bonds (any private activity bond defined in Section 141 and issued after August 7, 1986).

• Box 10: Market Discount

  Enter the market discount amount on bonds that were purchased at less than face value. A portion of this discount is taxable interest.

• Box 11: Bond premium

  For other than a U.S. Treasury obligation that is covered security acquired at a premium, enter the amount you paid during the tax year unless you were notified in writing that the holder did not want to amortize bond premium under section 171 for bond premium amortization allocable to the interest.

• Box 12: Bond Premium on U.S. Treasury Obligations

  For any U.S. Treasury obligation that is covered security acquired at a premium, enter the amount you paid during the tax year unless you were notified in writing that the holder did not want to amortize the bond premium under Section 171 for bond premium amortization allocable to the interest.

• Box 13: Bond Premium on Tax-Exempt Bond

  For a tax exempt covered security acquired at a premium (U.S. Treasury obligation), enter the amount of the bond premium amortization allocable to the interest you paid during the tax year.

• Box 14: Tax-Exempt and Tax Credit Bond CUSIP No

  For single bonds or accounts containing a single bond, enter the tax-exempt and tax credit bond CUSIP number.

• Boxes 15–17: State Information

  These boxes should be completed by any payers who participate in the CF/SF (Combined Federal/State Filing) Program and/or who are required to file paper copies of the 1099-INT Forms with a state agency.

  • Box 15 - Enter State

  • Box 16 - Enter State identification number

  • Box 17 - Enter State tax withheld

Want to know how to complete Form 1099-INT? Here are the step-by-step instructions for Form 1099-INT.