1099-INT from IRS for Interest Paid on Tax Refund for 2019 Taxes

[Etaoin Shrdlu]

I received a slightly greater refund than was calculated by my tax preparation software and reported on my 2019 1040 and I am fairly sure the difference is interest being paid by the IRS due to processing delays, especially since I did not receive a letter from the IRS explaining the difference and my form, which I sent by registered mail in March, was not processed until August. The funds were directly deposited to a US bank, so I did not receive a check with the interest amount stated on it. There is no notation on the online bank transaction detail referring to interest and I have not received a 1099-INT from the IRS although the amount was slightly above the $10 threshold. I am assuming the 1099-INT from the IRS may have gotten lost in the mail and I will report the amount on my 2020 1040. Has anyone else either received a 1099-INT for this interest payment or is missing one?

[mtls2005]

I received an extra $4.12 on my 2019 refund.

 

I don't think you need the 1099-INT unless you are unabl to verify the amount. In my case I knew to look for it. Simply subtract your original Line 21A from the amount which was directly deposited. Voila.

 

I declared that amount in my SW, so it got added to Line 2B.

 

 

Interest is taxable income
The 2019 refund interest payments are taxable, and taxpayers must report the interest on their 2020 federal income tax return. The IRS will send a Form 1099-INT to anyone who receives interest totaling at least $10.

 

https://www.irs.gov/newsroom/coronavirus-tax-relief-2019-tax-refund-interest