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Why my bank sent me 1099?

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asked Sep 30, 2012 in Mortgage by anonymous
   

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Interest income must be reported on your taxes. Your bank is required to send you a 1099 interest statement if you earned more than $10 in interest for the tax year. They must send it to you by January 31.
answered Dec 27, 2013 by bbrown Inquisitive Expert (97,580 points)

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