Form 1099 - Report totals?
My Form 1098-INT shows:
CD 100
Money Market Checking 100
Total 200
Is there a best practice for if I should show the two (2) line items on Schedule B, or only the total?
My Form 1098-INT shows:
CD 100
Money Market Checking 100
Total 200
Is there a best practice for if I should show the two (2) line items on Schedule B, or only the total?
Completely up to you.
IRS is just looking at total interest reported to them matches the total interest reported on the tax return.
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