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Mary has three savings accounts in three different banks. She earned the total interest earned from all three accounts is $2200. Mary receives three Forms
Mary has three savings accounts in three different banks. She earned the total interest earned from all three accounts is $2200. Mary receives three Forms 1099-INT. How should she report this interest income? Mary is not required to report this income. Mary enters $2,200 total income on Form 1040; she does not have to report each payer anywhere. Mary lists each payer and amount on Schedule B and files it with her tax return. Mary enters each amount separately on Form 1040
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