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Instructions for Recipient
The information provided may be different for covered and noncovered Box 3. Shows interest on U.S. Savings Bonds, Treasury bills, Treasury bonds,
securities. For a description of covered securities, see the Instructions for and Treasury notes. This may or may not all be taxable. See Pub. 550. This
Form 8949. For a taxable covered security acquired at a premium, unless you interest is exempt from state and local income taxes. This interest is not
notified the payer in writing in accordance with Regulations section included in box 1. See the instructions above for a taxable covered security
1.6045-1(n)(5) that you did not want to amortize the premium under section 171, acquired at a premium.
or for a tax-exempt covered security acquired at a premium, your payer must Box 4. Shows backup withholding. Generally, a payer must backup withhold if
generally report either (1) a net amount of interest that reflects the offset of the you did not furnish your TIN or you did not furnish the correct TIN to the payer.
amount of interest paid to you by the amount of premium amortization allocable See Form W-9. Include this amount on your income tax return as tax withheld.
to the payment(s), or (2) a gross amount for both the interest paid to you and the Box 5. Any amount shown is your share of investment expenses of a single-
premium amortization allocable to the payment(s). If you did notify your payer class REMIC. This amount is included in box 1. Note: This amount is not
that you did not want to amortize the premium on a taxable covered security, deductible.
then your payer will only report the gross amount of interest paid to you. For a Box 6. Shows foreign tax paid. You may be able to claim this tax as a deduction
noncovered security acquired at a premium, your payer is only required to report or a credit on your Form 1040 or 1040-SR. See your tax return instructions.
the gross amount of interest paid to you.
Recipient’s taxpayer identification number (TIN). For your protection, this Box 7. Shows the country or U.S. territory to which the foreign tax was paid.
form may show only the last four digits of your TIN (social security number Box 8. Shows tax-exempt interest paid to you during the calendar year by the
(SSN), individual taxpayer identification number (ITIN), adoption taxpayer payer. See how to report this amount in the Instructions for Form 1040. This
identification number (ATIN), or employer identification number (EIN)). However, amount may be subject to backup withholding. See Box 4 above. See the
the issuer has reported your complete TIN to the IRS. instructions above for a tax-exempt covered security acquired at a premium.
FATCA filing requirement. If the FATCA filing requirement box is checked, the Box 9. Shows tax-exempt interest subject to the alternative minimum tax. This
payer is reporting on this Form 1099 to satisfy its chapter 4 account reporting amount is included in box 8. See the Instructions for Form 6251. See the
requirement. You may also have a filing requirement. See the Instructions for instructions above for a tax-exempt covered security acquired at a premium.
Form 8938. Box 10. For a taxable or tax-exempt covered security, if you made an election
Account number. May show an account or other unique number the payer under section 1278(b) to include market discount in income as it accrues and
assigned to distinguish your account. you notified your payer of the election in writing in accordance with Regulations
Payer’s Routing Transit Number (RTN). A payer may include the RTN to section 1.6045-1(n)(5), shows the market discount that accrued on the debt
identify the bank or financial institution where your account is held. instrument during the year while held by you, unless it was reported on Form
Box 1.Shows taxable interest paid to you during the calendar year by the payer. 1099-OID. For a taxable or tax-exempt covered security acquired on or after
This does not include interest shown in box 3. May also show the total amount January 1, 2015, accrued market discount will be calculated on a constant yield
of the credits from clean renewable energy bonds, new clean renewable energy basis unless you notified your payer in writing in accordance with Regulations
bonds, qualified energy conservation bonds, qualified zone academy bonds, section 1.6045-1(n)(5) that you did not want to make a constant yield election for
qualified school construction bonds, and build America bonds that must be market discount under section 1276(b). Report the accrued market discount on
included in your interest income. These amounts were treated as paid to you your income tax return as directed in the Instructions for Form 1040. Market
during the calendar year on the credit allowance dates (March 15, June 15, discount on a tax-exempt security is includible in taxable income as interest
September 15, and December 15). For more information, see Form 8912. See income.
the instructions above for a taxable covered security acquired at a premium. (Continued on the back of Copy 2.)
Box 2. Shows interest or principal forfeited because of early withdrawal of time
savings. You may deduct this amount to figure your adjusted gross income on
your income tax return. See the Instructions for Form 1040 to see where to take
the deduction.
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