Personal Finance and Investing

A HERETIC I AM

(24,818 posts)

4. The bank sent a 1099-INT....

Fri Feb 15, 2019, 08:50 PM

Feb 2019

so the way I understand it, it's income as far as the IRS is concerned. I have to report it and pay the tax on it.

And HOW THE HELL ARE YOU, OLD MAN?!?

Retired yet, or still loading cars in the cold?

Hung up my tie-down bar 5 years ago this past October. Hauling US Mail now. I pass Flat Rock Assembly once a month or so. We haul mail into Allen Park from down here in Jacksonville.

I see you post elsewhere every so often. I'm glad you're still around.

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I got my refund already! [View all] A HERETIC I AM Feb 2019 OP

Similar things happened to me, so now at140 Feb 2019 #1

Yeah...there are some securities that take their damned sweet time in getting you a 1099. A HERETIC I AM Feb 2019 #3

My experience at IRS (late 80s) was that if under $400, they didn't bother.... lastlib Feb 2019 #21

Can you claim that as a gift rather than income? nt Snotcicles Feb 2019 #2

The bank sent a 1099-INT.... A HERETIC I AM Feb 2019 #4

Hey Buzz, I've been retired for a few now. Did some CDL instruction right after I hung that bar up. Snotcicles Feb 2019 #13

I'm gonna have to work till I drop dead!! A HERETIC I AM Feb 2019 #14

Do be very aware that if you start collecting SS before your full retirement age, PoindexterOglethorpe Feb 2019 #24

There's a couple problems with that scenario.... A HERETIC I AM Feb 2019 #25

I'm under the impression that COPD never gets better. PoindexterOglethorpe Feb 2019 #38

Thanks. A HERETIC I AM Feb 2019 #39

I am very glad to learn that, despite my ignorant misinformation, PoindexterOglethorpe Feb 2019 #40

I don't look at your submissions to this thread as at all ignorant. A HERETIC I AM Feb 2019 #41

You can probably forget it.They won't audit you for $16.00. brush Feb 2019 #5

No audit, but they will send a letter in mail at140 Feb 2019 #6

They're under staffed, over worked and behind because... brush Feb 2019 #10

No manual response required from IRS at140 Feb 2019 #11

Famous last words! LOL A HERETIC I AM Feb 2019 #7

Your tax software can spit out a 1099-X with ease. at140 Feb 2019 #12

Yup. The Turbotax home page has a link for it.... A HERETIC I AM Feb 2019 #15

Sorry, yes 1040-X.....nt at140 Feb 2019 #16

What the hell? Didn't you get your big ass refund??? marble falls Feb 2019 #8

Actually, this year was a little bigger than last, for some reason. A HERETIC I AM Feb 2019 #9

Late 80s, I worked in the cash unit at IRS service center. lastlib Feb 2019 #17

Kind of funny that actually happened! A HERETIC I AM Feb 2019 #18

I understood it was quite lively there. lastlib Feb 2019 #19

LOL! A HERETIC I AM Feb 2019 #20

Cash rinopa Feb 2019 #22

But they don't like hammers, toilet seats--or pennies. lastlib Feb 2019 #23

And there's the state that would need amended. mobeau69 Feb 2019 #26

Luckily, I'm in Florida.... A HERETIC I AM Feb 2019 #28

$1005 Reported on 1099 as "Other Income" by Chase Bank Indykatie Feb 2019 #27

Holy crap! A HERETIC I AM Feb 2019 #29

The points you earn on purchases aren't taxable yet. mobeau69 Feb 2019 #31

Interesting. A HERETIC I AM Feb 2019 #33

Elizabeth Warren and her replacement guy from Ohio at the CFPB were cleaning up the CC industry but mobeau69 Feb 2019 #34

How did my post above's subject line drop down to an additional line? I never noticed this before. mobeau69 Feb 2019 #35

This message was self-deleted by its author A HERETIC I AM Feb 2019 #37

Ahhh! Kentucky Jelly! A HERETIC I AM Feb 2019 #36

Do you know for certain that you owe additional taxes. The reason I ask is because you may not owe politicaljunkie41910 Feb 2019 #30

Short answer is no, I don't. A HERETIC I AM Feb 2019 #32