At Compound Real Estate Bonds, we strive to make your tax reporting as seamless as possible. During tax season, you will receive a 1099-INT form, which is used to report interest income earned from your investments.
What is Form 1099-INT?
Form 1099-INT is issued by financial institutions to report interest income to both you and the IRS. If you’ve earned more than $10 in interest during the tax year, we will provide this form to help you accurately file your taxes.
What Information Does the 1099-INT Include?
The form will detail:
Total Interest Earned: The total amount of interest credited to your account during the year.
Payer’s Information: Details about Compound Real Estate Bonds, the entity issuing the interest.
Your Information: Your name and Tax Identification Number (TIN).
When Will You Receive It?
We will provide your 1099-INT form by January 31st of the following tax year, as required by the IRS. You’ll receive it via email or through your account dashboard, depending on your preferred communication settings.
What Should You Do With Your 1099-INT?
Use the information provided on the form to report your interest income when filing your taxes.
Consult a tax professional if you have questions about how to include this in your tax return.
If you need assistance accessing your 1099-INT or have any questions, feel free to reach out to our support team. We’re here to help!