Download Form 1099-INT
About Form 1099-INT
Sellers receive Form 1099-INT because they earned $10 or more in interest income in their Square Savings accounts, including any closed accounts, during the relevant tax year. If your account does not receive at least $10 in interest, you won’t receive a Form 1099-INT unless federal or state tax was withheld from your interest payments during the year. Interest is calculated daily and credited monthly. Your total interest accumulation for the year determines if you receive a Form 1099-INT.
Box 4 on Form 1099-INT shows any federal backup withholding tax on your interest payments during the year. Square Financial Services must backup withhold tax from your interest payments if you indicated that you’re subject to withholding or you did not properly furnish your tax information to us.
If you have questions on how to resolve backup withholding please contact Square Support.
Before you begin
If applicable to you, your Form 1099-INT will be available to download on your Square Dashboard by January 31.
You can find additional instructions for filing with your Forms 1099-INT on the IRS website.
Download Form 1099-INT
You can download your Form 1099-INT from your Square Dashboard.
Sign in to your Square Dashboard and select Account & Settings.
Click Tax forms.