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Level 2
May 31, 2020
Question

I have a 1099 INT from the IRS. Should I put that amount in with bank interest, or with US bonds. Is that amount taxable?

  • May 31, 2020
  • 2 replies
  • 15 views
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2 replies

TAXOH
Level 10
May 31, 2020

It is interest and it is taxable.

BobKamman
Level 15
June 1, 2020

I wouldn't want to say because I'm not an expert on the laws of every state with an income tax.   For 1040 purposes, you can put it in either place, it's still going to end up on Schedule B (or at least, on the line for interest income).