Question
What does a 1099-INT form report to the IRS?
The amount of dividend payment you receive from your savings account
The amount of interest that you earned from a savings account
The number of sales you made of stocks or cryptocurrency
The overall value of all your investments and savings accounts
The amount of dividend payment you receive from your savings account
The amount of interest that you earned from a savings account
The number of sales you made of stocks or cryptocurrency
The overall value of all your investments and savings accounts
Answers
GPT-4o mini
A 1099-INT form reports to the IRS **the amount of interest that you earned from a savings account**. This form is typically issued by banks and other financial institutions to report interest payments of $10 or more that you receive during the tax year.