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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