Taxpayers who receive over $1,500 of taxable interest must list all of the payers on Part 1 of Schedule B on Form 1040, or Part 1 of Schedule 1 on the 1040A. Form 1099-INTs will always report interest paid as cash-basis income. Income that is owed but not yet paid cannot be reported on this form.
Investment dictionary. Academic. 2012.
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