Free 1099-INT Generator Interest statements, ready to hand out
Enter the payer, the recipient, and the interest you paid, and every copy of the official IRS form fills in as you go. Then download Copies B, 2, and 1, with the recipient instructions, as one PDF or print them.
Paying interest to investors or lenders?
Collect each payee’s name, mailing address, and W-9 details with one secure intake form, free with unlimited responses.
What Form 1099-INT is for
Form 1099-INT, Interest Income, is the information return a bank, credit union, brokerage, or other business files for each person it paid interest to during the year. It shows the recipient and the IRS how much interest was paid, along with any early withdrawal penalty, backup withholding, foreign tax, and tax-exempt interest.
A payer generally files one for each person who received at least $10 of interest reportable in box 1, 3, or 8, or from whom it withheld federal income tax or paid foreign tax on interest. Copy A goes to the IRS, and Copy B goes to the recipient by January 31. Copy 1 is for a state tax department that asks for a paper copy, and Copy 2 is for the recipient’s state return. Payments to corporations and other exempt recipients usually don’t need a form.
How the 1099-INT generator works
Start with the payer’s name, address, phone number, and TIN, then add the recipient’s TIN, name, and address from their Form W-9. Pick the calendar year and type the amounts into the boxes that apply. Many forms only need box 1; the bond boxes, foreign tax, and state boxes 15–17 are there when you need them.
All three copies update as you type, and once the required fields are complete you can download Copies B, 2, and 1 as one PDF or print them. The Instructions for Recipient that belong on the backs of Copies B and 2 come along, so the recipient gets them too. Copy A isn’t included: the IRS takes it electronically through IRIS or on the official red, scannable form. Need another form? Browse all tax form generators.
Questions people ask about Form 1099-INT
Who has to file Form 1099-INT?
Businesses and organizations that pay interest in the course of their trade or business, such as banks, credit unions, and brokers. File one for each person you paid at least $10 of interest reportable in box 1, 3, or 8, anyone you withheld federal income tax from under the backup withholding rules, and anyone you withheld and paid foreign tax for. Payments to exempt recipients, like corporations and tax-exempt organizations, generally don’t need one. The IRS instructions list the exceptions.
What’s the difference between boxes 1, 3, and 8?
Box 1 is taxable interest, such as interest on bank deposits, bonds, and notes. Box 3 is interest on U.S. Savings Bonds and Treasury bills, notes, and bonds, which isn’t included in box 1. Box 8 is tax-exempt interest, such as interest on municipal bonds. Box 9, specified private activity bond interest, is part of the box 8 total.
When are 1099-INT copies due?
Give Copy B to the recipient by January 31 of the year after the interest was paid. Copy A is due to the IRS by February 28 on paper or March 31 if you file electronically. When a due date falls on a weekend or legal holiday, the next business day counts.
Can I print Copy A from this generator and mail it to the IRS?
No. Copy A is printed in red ink and read by machine, so a copy printed from a website isn’t accepted. File it electronically through the IRS IRIS portal, which is required if you file 10 or more information returns in total, or on the official red form ordered from the IRS, together with Form 1096. This generator fills the copies you hand out: B, 1, and 2.
Can I hide part of the recipient’s SSN?
Yes, on the copies that go to the recipient. Tick “Show only the last 4 digits on the recipient’s copies” and Copies B and 2 show a number like ***-**-6789. Copy 1 keeps the full number, and the payer’s own TIN can never be shortened.
What goes in box 4?
Federal income tax you withheld under the backup withholding rules, for example because the recipient didn’t give you a correct TIN. The backup withholding rate is currently 24%. If you didn’t withhold anything, leave box 4 empty.
How do I correct a 1099-INT I already sent?
Fill out the form again with the right information and tick “This is a corrected form” so the CORRECTED box is checked on every copy. Give the corrected copies to the recipient and file a corrected Copy A with the IRS. If only the state information was wrong, contact the state tax department instead of the IRS.
Is my information safe?
Yes. Everything you enter stays in your browser: the PDF is made on your device, and nothing you type, including TINs, is uploaded to or saved by forms.app. Nothing is kept after you close the page, so download the PDF before you leave.
Is the 1099-INT generator free?
Yes. You can fill out, download, and print as many 1099-INT forms as you need, with no fee and no account.
Your 1099-INT isn’t ready to print yet
Fill in the required fields on the page (payer, recipient, calendar year, and at least one amount), then print again.