What is Form 1099-INT?
Form 1099-INT is a tax document used to report interest income to the IRS. If you’ve earned interest through your B9 account, we’ve prepared your 1099-INT form, which you can access directly in the app.
When Is a 1099-INT Form Required?
A 1099-INT form is issued if you earned $10 or more in interest during the tax year from your B9 account.
What Counts Toward the $10 Threshold?
For the purpose of issuing the 1099-INT form, the following types of income count:
- Bonuses for increasing paycheck transfers.
- Bonuses for leaving a review.
- Referral bonus.
However, the following are not counted:
- Membership fee waivers (e.g., for the premium plan) with a $5,000 deposit.
- Cashback.
If you earned $10 or more from eligible income sources, you will receive a 1099-INT form.
Who Receives a 1099-INT Form?
Only eligible clients who earned $10 or more in interest or eligible bonuses will receive a 1099-INT form. If you don’t see it in your app, it means you did not meet the $10 threshold and don’t need to report any taxable income.
How Do I Access My 1099-INT Form?
You can find your 1099-INT form in the app by following these steps:
- Click on Navigation Menu in the middle.
- Go to Profile.
- Select Legal Documents.
- Tap on Form 1099-INT to view and download it.
Can I Download and Print My 1099-INT Form?
Yes! Once you open the form, you can download and save it as a PDF for your records or print it if needed.
What If I Have Questions About My 1099-INT Form?
If you have any questions about your 1099-INT form, please contact our support team through the app. We’re happy to help!
What If My Information on the 1099-INT Form Is Incorrect?
If you believe there is an error in your 1099-INT form, reach out to our support team as soon as possible so we can assist you in correcting it.