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Posted by Phil Marti on March 16, 2008, 1:07 pm
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"Victor Roberts" wrote:
>I am one of many people who received the mysterious 1099
> from the IRS with A statement of Interest Paid - in my case
> $23. After some investigation, the interest turns out to be
> for the interest portion of the Federal Telephone Excise Tax
> refund I received in 2007.
>
> My question is: does this interest get reported in Box 1 or
> Box 3?
Check your state instructions to see if this is the type of US interest
payment that's exempt from state tax. If it is (I doubt it) put it in Box
3. Otherwise, Box 1.
--
Phil Marti
Clarksburg, MD
--
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