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  • Feb 15, 2011, 02:10 PM
    spotless2
    1099int to an individual
    We as a corporation make payments to an individual(including interest) for repayment of a note. Do I need to 1099 this individual for the interest?
  • Mar 8, 2011, 01:51 PM
    AtlantaTaxExpert
    Yes, a Form 1099-INT is required if the interest exceeded $10 for the calendar year.

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