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#816224 - 09/17/07 12:31 PM Bonus/Premium/1099
Jalen Offline
Gold Star
Jalen
Joined: Aug 2007
Posts: 318
Somewhere on 2 wheels
Here goes:
A new checking account with debit card and online banking, we pay $25.00. No minimum balance or time limits. If the account is interest bearing, it would be reported on 1099INT. If non-interest bearing it would not need to be reported on 1099MISC because of the de minimis of $600?
Last edited by Jalen; 09/17/07 12:42 PM.
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#817139 - 09/18/07 03:53 PM Re: Bonus/Premium/1099 Jalen
Jalen Offline
Gold Star
Jalen
Joined: Aug 2007
Posts: 318
Somewhere on 2 wheels
I must have cooties.
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#817256 - 09/18/07 05:37 PM Re: Bonus/Premium/1099 Jalen
waldensouth Offline
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waldensouth
Joined: Nov 2001
Posts: 7,985
FINALLY ABOVE the gnat line
If its not an interesting bearing account - there is nothing to report.
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