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Printable IRS 1099-INT 2025 Hayward California: What You Should Know
What is Interest Income? (Rev. January 2022) — IRS What are the Rules Under Which You Can Report Interest Income Tax Paid As Compensation for Investment? (Rev. January 2022) — IRS 10-K (2016), pp. 17, 27. Dec 9, 2025 — IRS 10-Q (2018), pp. 6, 8. Dec 6, 2025 — IRS 10-K (2016), pp. 17, 27. What if You Pay Interest on Your Principal? (Rev. January 2022) — IRS You are considered to have paid interest on your principal under either the “short-rate schedule” or “long-rate schedule.” The two schedules show the payments for the month immediately preceding the year for which you would like to report interest income from that year. The short-rate schedule, which is for the year during which you would have paid interest at the rate of (1) 0.33% or (2) above, is used if you held your instrument at the end of the previous calendar year. Interest paid for that year is reported to the year of payment. If, for example, you made a 1,000 payment on January 1, 2018, report the interest on the January 2025 payment, not the interest on the July 2025 payment. If you paid interest on your instrument through the end of the prior calendar year and a new payment is due for the same year, you can report both the interest on the current payment, reporting it as interest on the payment from earlier in the year, and the interest on a previous payment, reporting it as interest on the payment from earlier in the year. For example, the 1,000 you paid in July would be reported as interest on the 1,000 made in July 2025 as reported on the short-rate schedule. If you have other payments to report, you will report the interest on the highest payment. A payment that is reported as interest on the January 2025 payment is subject to a flat 1% rate for that year. A payment that is reported as interest on the July 2025 payment is subject to a flat 1.33% rate for that year. A payment that is required to be reported on a December 1 and 1/31 would be reported as interest on January 1.
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