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Interest Income, reported on Form 1099-INT, box 1, will show the taxable interest paid to the taxpayer during the calendar year by the payer of
Interest Income, reported on Form 1099-INT, box 1, will show the taxable interest paid to the taxpayer during the calendar year by the payer of the interest (for interest paid on items such-as bank savings account and corporate bonds). What other information may be included in box 1? Select one: a. Box 1 may also show the total amount of the credits from clean renewable energy bonds, Gulf tax credit bonds, qualified forestry conservation bonds, new clean renewable energy bonds, qualified energy conservation bonds, qualified zone academy bonds, Midwestern tax credit bonds, qualified school construction bonds, and build America bonds that must be included in interest income b. Box 1 may show interest or principal forfeited because of early withdrawal of time savings. This will be netted out from the total interest earned c. At the payer's discretion, they may include interest collected on the redemption of U.S. Savings Bonds and Treasury obligations (may also be reported in box 3) d. All of the information above can accurately be reported in box 1
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