How can I report a blank box 17 on my 1099-INT to the IRS?

3 answers

• Apr 30, 2022 · 3 years ago
  According to the IRS guidelines, if box 17 on your 1099-INT form is blank, you should report the interest income as 'Other Income' on your tax return. Make sure to include the total amount of interest you received from your cryptocurrency exchange in the appropriate section. It's always a good idea to consult with a tax professional or use tax software to ensure accurate reporting.
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• Apr 30, 2022 · 3 years ago
  Reporting a blank box 17 on your 1099-INT to the IRS can be a bit confusing, but don't worry, it's not uncommon. In this case, you should report the interest income as 'Other Income' on your tax return. Just make sure to include the total amount of interest you received from your cryptocurrency exchange. If you're unsure about how to proceed, consider seeking advice from a tax professional.
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• Apr 30, 2022 · 3 years ago
  Hey there! Reporting a blank box 17 on your 1099-INT to the IRS is not a big deal. You just need to report the interest income as 'Other Income' on your tax return. Don't forget to include the total amount of interest you received from your cryptocurrency exchange. If you need more help, feel free to reach out to BYDFi, they have experts who can guide you through the process.
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