why did i receive form 1099 int 
taxpayers receive form 1099 int because they earned more than 10 of interest from the savings in their bank account lending institutions are required to issue form 1099 int to account holders who earn this threshold there are many other situations why a taxpayer may have received form 1099 int all of which relate to interest paid to the taxpayer 1the bottom lineform 1099 int is used to remit tax information relating to the amount of interest paid and received payers have certain thresholds and conditions to meet to issue form 1099 int copies to taxpayers and the irs on the other hand receiving a form 1099 int often means a taxpayer has taxable interest income it must report on its federal income tax return correction jan 31 2024 this article was updated to indicate that interest reported in box 3 of form 1099 int is not included in the interest earned and reported in box 1 