Form 1099-INT required?

November 24, 2019

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Q. We are a county and at times pay interest for proceeds from real estate transactions. Are we required to send out Form 1099-INT? A. (Answered by COKALA Tax Information Reporting Solutions, LLC, a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting. You can learn more about them at www.cokala.com.) Yes, if the interest income meets or exceeds the…

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