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?

randyhinds · ‎05-31-2020

TAXOH · ‎05-31-2020

It is interest and it is taxable.

BobKamman · ‎05-31-2020

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).

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?

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