MANAGEMENT

Detailed explanation-1: -Box 1 of the 1099-INT reports all taxable interest you receive, such as your earnings from a savings account.

Detailed explanation-2: -1099-DIV, which reports dividend income and capital gains distributions. 1099-INT, which reports interest income. 1099-R, which reports distributions from retirement accounts.

Detailed explanation-3: -What is a 1099-INT tax form? A 1099-INT tax form is a record that someone-a bank or other entity-paid you interest. If you earned more than $10 in interest from a bank, brokerage or other financial institution, you’ll receive a 1099-INT.

Detailed explanation-4: -Form 1099-INT is a tax form issued by interest-paying entities, such as banks, investment firms, and other financial institutions, to taxpayers who receive interest income of $10 or more. The information recorded on the form must be reported to the IRS.

Detailed explanation-5: -Forms are mailed by the end of January and should arrive by mid-February. If you’re enrolled in Online Banking and you meet the IRS guidelines, you can find your 1099-INT form by signing in to Online Banking, selecting your deposit account and then selecting the Statements & Documents tab.