Instructions for Recipient
The information provided may be different for covered and noncovered
securities. For a description of covered securities, see the Instructions for
Form 8949. For a taxable covered security acquired at a premium, unless you
notified the payer in writing in accordance with Regulations section
1.6045-1(n)(5) that you did not want to amortize the premium under section 171,
or for a tax-exempt covered security acquired at a premium, your payer
generally must report either (1) a net amount of interest that reflects the offset of
the amount of interest paid to you by the amount of premium amortization
allocable to the payment(s), or (2) a gross amount for both the interest paid to
you and the premium amortization allocable to the payment(s). If you did notify
your payer that you did not want to amortize the premium on a taxable covered
security, then your payer will only report the gross amount of interest paid to
you. For a noncovered security acquired at a premium, your payer is only
required to report the gross amount of interest paid to you.
Recipient’s taxpayer identification number (TIN). For your protection, this
form may show only the last four digits of your TIN (social security number
(SSN), individual taxpayer identification number (ITIN), adoption taxpayer
identification number (ATIN), or employer identification number (EIN)). However,
the issuer has reported your complete TIN to the IRS.
FATCA filing requirement. If the FATCA filing requirement box is checked, the
payer is reporting on this Form 1099 to satisfy its chapter 4 account reporting
requirement. You also may have a filing requirement. See the Instructions for
Form 8938.
Account number. May show an account or other unique number the payer
assigned to distinguish your account.
Box 1. Shows taxable interest paid to you during the calendar year by the payer.
This does not include interest shown in box 3. May also show the total amount
of the credits from clean renewable energy bonds, new clean renewable energy
bonds, qualified energy conservation bonds, qualified zone academy bonds,
qualified school construction bonds, and build America bonds that must be
included in your interest income. These amounts were treated as paid to you
during 2018 on the credit allowance dates (March 15, June 15, September 15,
and December 15). For more information, see Form 8912. See the instructions
above for a taxable covered security acquired at a premium.
Box 2. Shows interest or principal forfeited because of early withdrawal of time
savings. You may deduct this amount to figure your adjusted gross income on
your income tax return. See the Instructions for Form 1040 to see where to take
the deduction.
Box 3. Shows interest on U.S. Savings Bonds, Treasury bills, Treasury bonds,
and Treasury notes. This may or may not all be taxable. See Pub. 550. This
interest is exempt from state and local income taxes. This interest is not
included in box 1. See the instructions above for a taxable covered security
acquired at a premium.
Box 4. Shows backup withholding. Generally, a payer must backup withhold if
you did not furnish your taxpayer identification number (TIN) or you did not
furnish the correct TIN to the payer. See Form W-9. Include this amount on your
income tax return as tax withheld.
Box 5. Any amount shown is your share of investment expenses of a singleclass
REMIC. If you file Form 1040, you may deduct these expenses on the
“Other expenses” line of Schedule A (Form 1040) subject to the 2% limit. This
amount is included in box 1.
Box 6. Shows foreign tax paid. You may be able to claim this tax as a deduction
or a credit on your Form 1040. See your Form 1040 instructions.
Box 7. Shows the country or U.S. possession to which the foreign tax was paid.
Box 8. Shows tax-exempt interest paid to you during the calendar year by the
payer. Report this amount on line 8b of Form 1040 or Form 1040A. This amount
may be subject to backup withholding. See box 4. See the instructions above
for a tax-exempt covered security acquired at a premium.
Box 9. Shows tax-exempt interest subject to the alternative minimum tax. This
amount is included in box 8. See the Instructions for Form 6251. See the
instructions above for a tax-exempt covered security acquired at a premium.
Box 10. For a taxable or tax-exempt covered security, if you made an election
under section 1278(b) to include market discount in income as it accrues and
you notified your payer of the election in writing in accordance with Regulations
section 1.6045-1(n)(5), shows the market discount that accrued on the debt
instrument during the year while held by you, unless it was reported on Form
1099-OID. For a taxable or tax-exempt covered security acquired on or after
January 1, 2015, accrued market discount will be calculated on a constant yield
basis unless you notified your payer in writing in accordance with Regulations
section 1.6045-1(n)(5) that you did not want to make a constant yield election for
market discount under section 1276(b). Report the accrued market discount on
your income tax return as directed in the instructions for Form 1040 or 1040A.
Market discount on a tax-exempt security is includible in taxable income as
interest income.
Box 11. For a taxable covered security (other than a U.S. Treasury
obligation), shows the amount of premium amortization allocable to
the interest payment(s), unless you notified the payer in writing in
accordance with Regulations section 1.6045-1(n)(5) that you did not
want to amortize bond premium under section 171. If an amount is
reported in this box, see the Instructions for Form 1040 (Schedule B)
to determine the net amount of interest includible in income on Form
1040 with respect to the security. If an amount is not reported in this
box for a taxable covered security acquired at a premium and the
payer is reporting premium amortization, the payer has reported a net
amount of interest in box 1. If the amount in box 11 is greater than the
amount of interest paid on the covered security, see Regulations
section 1.171-2(a)(4).
Box 12. For a U.S. Treasury obligation that is a covered security,
shows the amount of premium amortization allocable to the interest
payment(s), unless you notified the payer in writing in accordance with
Regulations section 1.6045-1(n)(5) that you did not want to amortize
bond premium under section 171. If an amount is reported in this box,
see the Instructions for Form 1040 (Schedule B) to determine the net
amount of interest includible in income on Form 1040 with respect to
the U.S. Treasury obligation. If an amount is not reported in this box
for a U.S. Treasury obligation that is a covered security acquired at a
premium and the payer is reporting premium amortization, the payer
has reported a net amount of interest in box 3. If the amount in box 12
is greater than the amount of interest paid on the U.S. Treasury
obligation, see Regulations section 1.171-2(a)(4).
Box 13. For a tax-exempt covered security, shows the amount of
premium amortization allocable to the interest payment(s). If an
amount is reported in this box, see Pub. 550 to determine the net
amount of tax-exempt interest reportable on line 8b of Form 1040 or
Form 1040A. If an amount is not reported in this box for a tax-exempt
covered security acquired at a premium, the payer has reported a net
amount of interest in box 8 or 9, whichever is applicable. If the amount
in box 13 is greater than the amount of interest paid on the taxexempt
covered security, the excess is a nondeductible loss. See
Regulations section 1.171-2(a)(4)(ii).
Box 14. Shows CUSIP number(s) for tax-exempt bond(s) on which
tax-exempt interest was paid, or tax credit bond(s) on which taxable
interest was paid or tax credit was allowed, to you during the calendar
year. If blank, no CUSIP number was issued for the bond(s).
Boxes 15–17. State tax withheld reporting boxes.
Nominees. If this form includes amounts belonging to another
person(s), you are considered a nominee recipient. Complete a
Form 1099-INT for each of the other owners showing the income
allocable to each. File Copy A of the form with the IRS. Furnish Copy
B to each owner. List yourself as the “payer” and the other owner(s)
as the “recipient.” File Form(s) 1099-INT with Form 1096 with the
Internal Revenue Service Center for your area. On Form 1096 list
yourself as the “filer.” A spouse is not required to file a nominee return
to show amounts owned by the other spouse.
Future developments. For the latest information about developments
related to Form 1099-INT and its instructions, such as legislation
enacted after they were published, go to www.irs.gov/Form1099INT