"Victor Roberts" wrote:

- quote -

Check your state instructions to see if this is the type of US interest
payment that's exempt from state tax. If it is (I doubt it) put it in Box
3. Otherwise, Box 1.

--
Phil Marti
Clarksburg, MD

--
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"Victor Roberts" wrote:

- quote -

Check your state instructions to see if this is the type of US interest
payment that's exempt from state tax. If it is (I doubt it) put it in Box
3. Otherwise, Box 1.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

I am one of many people who received the mysterious 1099
from the IRS with A statement of Interest Paid - in my case
$23. After some investigation, the interest turns out to be
for the interest portion of the Federal Telephone Excise Tax
refund I received in 2007.

My question is: does this interest get reported in Box 1 or
Box 3?

I find it quote interesting that a 1099-INT sent out by the
IRS (or perhaps for them by a private contractor) does not
include the standard information I see on all the other
Forms 1099-INT I receive, such as the box number for the
various amounts reported, or even the fact that this is a
1099-INT. It states only "1099".

Considering the small amount of this interest, my question
is rather academic, but I would still like to know the right
answer.

--
Vic Roberts
Replace xxx with vdr in e-mail address.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >