Instructions for Forms 1099-INT and 1099-OID - (Rev. January 2024) - Interest Income and Original Issue Discount

Sep 19, 2026

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Instructions explain how to report interest income and original issue discount using IRS Forms 1099-INT and 1099-OID, with section references to the Internal Revenue Code. The guide highlights future developments, key reminders, and coverage aligned with the General Instructions for Certain Information Returns, including filing responsibilities, timing, electronic reporting, corrections, recipient statements, TIN requirements, backup withholding, penalties, and term definitions for chapter 4 purposes.

LanguageEnglish

CategoryForms

FormatPDF

Pages8

Reading Time3 min

AccessFree to download

Future Developments

Reminders

Online fillable copies (Copies 1, B, and 2)

Continuous-use forms and instructions

Nonresident aliens

Specific Instructions for Form 1099-INT

Exceptions to reporting

Exempt recipients

Interest excluded from reporting

Instructions for Forms 1099-INT and 1099-OID (Rev. January 2024) Interest Income and Original Issue Discount Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related to Forms 1099-INT and 1099-OID and their instructions, such as legislation enacted after they were published, [go to](go to IRS.gov/)[ ](go to IRS.gov/)[IRS.gov/](go to IRS.gov/)[ ](go to IRS.gov/)[Form1099INT](Form1099INTand IRS.gov/Form1099OID)[and](Form1099INTand IRS.gov/Form1099OID)[ ](Form1099INTand IRS.gov/Form1099OID)[IRS.gov/Form1099OID](Form1099INTand IRS.gov/Form1099OID). Reminders In addition to these specific instructions, you should also use the current General Instructions for Certain Information Returns. Those general instructions include information about the following topics. • Who must file. • When and where to file. • Electronic reporting. • Corrected and void returns. • Statements to recipients. • Taxpayer identification numbers (TINs) . • Backup withholding. • Penalties. • The definitions of terms applicable for chapter 4 purposes that are referenced in these instructions. • Other general topics. You can get the General Instructions for Certain Information Returns at [IRS.gov/1099GeneralInstructions](IRS.gov/1099GeneralInstructions) , [or go to](or go to IRS.gov/)[ ](or go to IRS.gov/)[IRS.gov/](or go to IRS.gov/)[ ](or go to IRS.gov/)Form1099INTor [IRS.gov/Form1099OID](IRS.gov/Form1099OID). Online fillable Copies 1, B, and 2. To ease statement furnishing requirements, Copies 1, B, and 2 are fillable online ina PDF format available at [IRS.gov/Form1099INT](IRS.gov/Form1099INTand IRS.gov/)[and](IRS.gov/Form1099INTand IRS.gov/)[ ](IRS.gov/Form1099INTand IRS.gov/)[IRS.gov/](IRS.gov/Form1099INTand IRS.gov/)[ ](IRS.gov/Form1099INTand IRS.gov/)[Form1099OID](Form1099OID. You can complete these copies online for)[. You can complete these copies online for](Form1099OID. You can complete these copies online for)[ ](Form1099OID. You can complete these copies online for)furnishing statements to recipients and for retaining in your own files. Continuous-use forms and instructions. Form 1099-INT, Form 1099-OID, and these instructions, contained herein, are continuous use. Both the forms and instructions will be updated as needed. For the most recent version, [go to](go to IRS.gov/)[ ](go to IRS.gov/)[IRS.gov/](go to IRS.gov/)[ ](go to IRS.gov/)Form1099INTor [IRS.gov/Form1099OID](IRS.gov/Form1099OID). Nonresident aliens. If you pay U.S. bank deposit interest of at least $10 to certain nonresident alien individuals, report the interest on Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding. To determine whether an information return is required for original issue discount, see Regulations sections 1.6049-4(d)(2), 1.6049-5(f) and 1.6049-8(a) . This interest may be subject to backup withholding. See the Instructions for Form 1042-S. Also, see Rev. Proc. 2012-24, 2012-20 I.R.B. 913, available at [IRS.gov/irb/](IRS.gov/irb/)[ ](IRS.gov/irb/)[2012-20_IRB\#RP-2012-24](2012-20_IRB#RP-2012-24.)[.](2012-20_IRB#RP-2012-24.) Specific Instructions for Form 1099-INT Note. For the most recent version, [go to](go to IRS.gov/Form1099INT)[ ](go to IRS.gov/Form1099INT)[IRS.gov/Form1099INT](go to IRS.gov/Form1099INT). File Form 1099-INT, Interest Income, for each person: 1. To whom you paid amounts reportable in boxes 1, 3, or 8 of at least $10 (or at least $600 of interest paid in the course of your trade or business described in the instructions for Box 1. Interest Income, later); 2. For whom you withheld and paid any foreign tax on interest; or 3. From whom you withheld (and did not refund) any federal income tax under the backup withholding rules regardless of the amount of the payment. Report only interest payments made in the course of your trade or bu

FAQs

What are Forms 1099-INT and 1099-OID used for?

They report interest income (1099-INT) and original issue discount (1099-OID), including how certain types of interest are treated and which form to use.

When are you required to file Form 1099-INT?

File Form 1099-INT for each person to whom you paid reportable amounts meeting specified thresholds, withheld and paid foreign tax on interest, or withheld federal income tax under backup withholding rules.

What recipient payments are exempt from reporting on Form 1099-INT?

Certain payees are exempt, including corporations, tax-exempt organizations, IRAs, specified medical savings accounts, U.S. agencies, states and related entities, and other listed categories; additional exemptions are referenced in the regulations.

Sep 19, 2026

Upload by Maeve