Page 51 - Interest Income - Individuals
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Form 1099-INT for U.S. savings bonds interest (1/4)
When you cash a bond, the bank or other payer that
redeems it must give you a Form 1099-INT if the
interest part of the payment you receive is $10 or
more.
Box 3 of your Form 1099-INT should show the interest
as the difference between the amount you received
and the amount paid for the bond.
However, your Form 1099-INT may show more
interest than you have to include on your income tax
return.
For example, this may happen if any of the following
are true.
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