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

Instructions for Recipient

Recipient's identification number. For your protection, this form

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

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

may show only the last four digits of your social security number

instructions.

(SSN), individual taxpayer identification number (ITIN), or adoption

Box 7. Shows the country or U.S. possession to which the foreign tax

taxpayer identification number (ATIN). However, the issuer has

was paid.

reported your complete identification number to the IRS and, where

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

applicable, to state and/or local governments.

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

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

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

payer assigned to distinguish your account.

box 4.

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

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

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

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

show the total amount of the credits from clean renewable energy

Form 6251.

bonds, qualified forestry conservation bonds, new clean renewable

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

energy bonds, qualified energy conservation bonds, qualified zone

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

academy bonds, qualified school construction bonds, and build

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

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

bond(s).

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

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

Boxes 11-13. State tax withheld reporting boxes.

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

Nominees. If this form includes amounts belonging to another

Credit Bonds.

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

Box 2. Shows interest or principal forfeited because of early

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

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

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

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

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

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

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

Internal Revenue Service Center for your area. On Form 1096 list

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

yourself as the “filer.” A husband or wife is not required to file a

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

nominee return to show amounts owned by the other.

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

This interest is not included in box 1.

Future developments. For the latest information about developments

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

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

enacted after they were published, go to

withhold if you did not furnish your taxpayer identification number

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

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

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

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

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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