Chantel has received a 1099-INT from her financial institution showing $85 in box 2 of the form.

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Chantel has received a 1099-INT from her financial institution showing $85 in box 2 of the form. How should she handle this on her 2016 tax return and why?

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Fundamentals Of Taxation 2017

ISBN: 9781259752735

10th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Question Posted: Apr 25, 2017 09:11 AM

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Chantel has received a 1099-INT from her financial institution showing $85 in box 2 of the form.

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This 85 can be deducted as a for AGI or above t...View the full answer

Fundamentals Of Taxation 2017

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