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What is a 1099-INT form, and will I receive one?

Published | Updated

A 1099-INT reports interest payments received in your Cash Reserve account.

You will receive a 1099-INT by Jan. 31, 2025 if you had Cash Reserve and, in 2024:

  • You received $10 or more in interest, or
  • You paid any federal taxes on your interest due to backup withholding

If you earned less than $10 in interest, Betterment is not required to issue a 1099-INT. However, the IRS still requires you to report and pay taxes on any earned interest, regardless of the amount.

You can view your interest history on the Activity page in your account.