Form 1099-Int - Interest Income - 2013 (Page 5 of 8) in pdf

Instructions for Recipient

Account number. May show an account or other unique number the

Box 6. Shows foreign tax paid. You may be able to claim this tax as a

payer assigned to distinguish your account.

deduction or a credit on your Form 1040. See your Form 1040

instructions.

Box 1. Shows taxable interest paid to you during the calendar year by

Box 8. Shows tax-exempt interest paid to you during the calendar

the payer. This does not include interest shown in box 3. May also

show the total amount of the credits from clean renewable energy

year by the payer. Report this amount on line 8b of Form 1040 or

bonds, qualified forestry conservation bonds, new clean renewable

Form 1040A. This amount may be subject to backup withholding. See

energy bonds, qualified energy conservation bonds, qualified zone

box 4.

academy bonds, qualified school construction bonds, and build

Box 9. Shows tax-exempt interest subject to the alternative minimum

America bonds that must be included in your interest income. These

tax. This amount is included in box 8. See the Instructions for

amounts were treated as paid to you during 2013 on the credit

Form 6251.

allowance dates (March 15, June 15, September 15, and December

Box 10. Shows CUSIP number(s) for tax-exempt bond(s) on which

15). For more information, see Form 8912, Credit to Holders of Tax

tax-exempt interest was paid to you during the calendar year and

Credit Bonds.

reported in box 8. If blank, no CUSIP number was issued for the

Box 2. Shows interest or principal forfeited because of early

bond(s).

withdrawal of time savings. You may deduct this amount to figure

Boxes 11-13. State tax withheld reporting boxes.

your adjusted gross income on your income tax return. See the

Nominees. If this form includes amounts belonging to another

instructions for Form 1040 to see where to take the deduction.

person(s), you are considered a nominee recipient. Complete a Form

Box 3. Shows interest on U.S. Savings Bonds, Treasury bills, Treasury

1099-INT for each of the other owners showing the income allocable

bonds, and Treasury notes. This may or may not all be taxable. See

to each. File Copy A of the form with the IRS. Furnish Copy B to each

Pub. 550. This interest is exempt from state and local income taxes.

owner. List yourself as the “payer” and the other owner(s) as the

This interest is not included in box 1.

“recipient.” File Form(s) 1099-INT with Form 1096 with the Internal

Box 4. Shows backup withholding. Generally, a payer must backup

Revenue Service Center for your area. On Form 1096 list yourself as

withhold if you did not furnish your taxpayer identification number

the “filer.” A husband or wife is not required to file a nominee return to

(TIN) or you did not furnish the correct TIN to the payer. See Form

show amounts owned by the other.

W-9. Include this amount on your income tax return as tax withheld.

Future developments. For the latest information about developments

Box 5. Any amount shown is your share of investment expenses of a

related to Form 1099-INT and its instructions, such as legislation

single-class REMIC. If you file Form 1040, you may deduct these

enacted after they were published, go to

expenses on the “Other expenses” line of Schedule A (Form 1040)

subject to the 2% limit. This amount is included in box 1.

Form 1099-Int - Interest Income - 2013 Page 5

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