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

1 answer

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.