Page 19 - Interest Income - Individuals

Dividends that are actually interest

Understanding interest income is required for tax filing.

 Federal savings and
loan associations, and
 Mutual savings banks.  Domestic building and
loan associations
 Domestic savings and
loan associations
 Cooperative banks
 Credit unions

 Certain distributions
commonly called
dividends are actually
interest.
 You must report as
interest so-called
dividends on deposits
or on share accounts.

/!\ The “dividends” will be shown as interest

income on Form 1099-INT. /!\ 17