Instructions For Forms 1099-Int And 1099-Oid

A corporation,

Payer's RTN (optional). If you are a financial institution

A dealer in securities or commodities required to

that wishes to participate in the program for direct deposit

of refunds, you may enter your routing and transit number

state, the District of Columbia, or a possession of the

(RTN).

United States,

Box 1. Interest Income

A real estate investment trust (REIT) as defined in

section 856,

Enter interest not included in box 3. Include amounts of

An entity registered at all times during the tax year

$10 or more, whether or not designated as interest, that

under the Investment Company Act of 1940,

are paid or credited to the person's account by savings

A common trust fund as defined in section 584(a), or

and loan associations, mutual savings banks not having

capital stock represented by shares, building and loan

Any trust which is exempt from tax under section

associations, cooperative banks, homestead

664(c).

associations, credit unions, or similar organizations.

Box 2. Early Withdrawal Penalty

Include interest on bank deposits, accumulated dividends

paid by a life insurance company, indebtedness (including

Enter interest or principal forfeited because of an early

bonds, debentures, notes, and certificates other than

withdrawal of time deposits, such as an early withdrawal

those of the U.S. Treasury) issued in registered form or of

from a certificate of deposit (CD), that is deductible from

a type offered to the public, or amounts from which you

gross income by the recipient. Do not reduce the amount

withheld federal income tax or foreign tax. In addition,

reported in box 1 by the amount of the forfeiture. For

report interest of $10 or more attributable to a TIH of a

detailed instructions for determining the amount of

WHFIT, or accrued by a real estate mortgage investment

forfeiture deductible by the depositor, see Rev. Ruls.

conduit (REMIC), a financial asset securitization

75-20, 1975-1 C.B. 29, and 75-21, 1975-1 C.B. 367.

investment trust (FASIT) regular interest holder, or paid to

Box 3. Interest on U.S. Savings Bonds and

a collateralized debt obligation (CDO) holder, as

Treas. Obligations

explained later.

Enter interest on U.S. Savings Bonds, Treasury bills,

Also include interest of $600 or more paid in the course

Treasury notes, and Treasury bonds. Do not include in

of your trade or business not meeting the above criteria,

box 1.

such as interest on delayed death benefits paid by a life

insurance company, interest received with damages,

If you make payment on a U.S. Savings Bond or other

interest on a state or federal income tax refund, or interest

U.S. obligation on which interest is reportable, enter your

attributable to a swap with significant nonperiodic

name, address, and federal identification number on Form

payments.

1099-INT and Form 1096, Annual Summary and

Transmittal of U.S. Information Returns, not those of the

Include in box 1 any accrued qualified stated interest

U.S. Treasury Department or the Bureau of Public Debt.

on bonds sold between interest dates (or on a payment

date). Also show OID on short-term obligations of 1 year

Box 4. Federal Income Tax Withheld

or less and interest on all bearer certificates of deposit.

Enter backup withholding. For example, if a recipient does

Do not include in box 1 interest on tax-free covenant

not furnish its TIN to you in the manner required, you must

bonds or dividends from money market funds (which are

backup withhold at a 28% rate on payments required to be

reportable on Form 1099-DIV). Do not include any

reported in box 1 (which may be reduced by the amount

description in box 1.

reported in box 2), box 3, and box 8 on this form.

Interest to holders of tax credit bonds. Report tax

For information on requesting the recipient's TIN, see

credits in amounts of $10 or more allowed from the

part J in the 2015 General Instructions for Certain

following tax credit bonds.

Information Returns.

Clean renewable energy bonds.

New clean renewable energy bonds.

Box 5. Investment Expenses

Qualified energy conservation bonds.

For single-class REMICs only, see Box 5. Investment

Qualified zone academy bonds.

Expenses under Rules for REMICs, FASITs, and Issuers

Qualified school construction bonds.

of CDOs, later.

Build America bonds (Tax Credit).

Box 6. Foreign Tax Paid

Treat these amounts as paid on the credit allowance date.

The credit allowance dates are March 15, June 15,

Enter any foreign tax paid on interest. Report this amount

September 15, December 15, and the last day on which

in U.S. dollars.

the bond is outstanding. For bonds issued during the

Box 7. Foreign Country or U.S. Possession

3-month period ending on a credit allowance date and for

bonds which are redeemed or mature, the amount of the

Enter the name of the foreign country or U.S. possession

credit is determined ratably based on the portion of the

for which the foreign tax was paid and reported in box 6.

3-month period during which the bond is outstanding.

Box 8. Tax-Exempt Interest

Generally, interest paid is not required to be reported to

the list of recipients below. However, if they are holders of

Enter interest of $10 or more that is credited or paid to the

the tax credit bonds listed above, the interest must be

person's account if that interest is used to finance

reported.

government operations and is issued by a state, the

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Instructions for Forms 1099-INT and 1099-OID (2015)

Instructions For Forms 1099-Int And 1099-Oid - 2015 Page 3

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