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assessment question 2/3 what does a 1099-int form report to the irs? th…

Question

assessment
question 2/3
what does a 1099-int form report to the irs?
the amount of dividend payment you receive from your savings account
the amount of interest that you earned from a savings account
the number of sales you made of stocks or cryptocurrency
the overall value of all your investments and savings accounts

Explanation:

Brief Explanations

A 1099-INT is an Internal Revenue Service (IRS) tax form specifically used to report interest income earned from accounts like savings accounts, certificates of deposit, or other interest-bearing financial accounts. Dividends are reported on a 1099-DIV, stock/crypto sales on 1099-B, and overall investment values are not reported on a 1099-INT.

Answer:

The amount of interest that you earned from a savings account