1099-INT: Interest IncomeInformation for the 2011 Tax Year
The Tax Increase Prevention and Reconciliation Act (TIPRA) of 2005 requires investment companies and brokers to report tax-exempt dividends and interest to the Internal Revenue Service (IRS) including dividends and interest for alternative minimum tax (AMT) reporting.
The following table will outline how to report 1099-INT information on your federal tax return:
Any tax or legal information in this website is merely a summary of our understanding and interpretations of some of the current income tax regulations and is not exhaustive. Investors should consult their tax advisor or legal counsel for advice and information concerning their particular situation. Wells Fargo Funds Management, LLC, Wells Fargo Funds Distributor, LLC, nor any of their representatives may give legal or tax advice.