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    spotless2's Avatar
    spotless2 Posts: 1, Reputation: 1
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    #1

    Feb 15, 2011, 02:10 PM
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Mar 8, 2011, 01:51 PM
    Yes, a Form 1099-INT is required if the interest exceeded $10 for the calendar year.
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