Forms 1099-INT, 1099-DIV and 1099-OID are IRS information returns used to report different types of investment income. Form 1099-INT reports certain interest income, Form 1099-DIV reports dividends and other distributions, and Form 1099-OID reports original issue discount (OID), a form of interest that generally accrues over the life of certain debt instruments.
If you haven’t already, make sure to read our other posts in this series:
What you need to know about Form 1099-MISC
Your Guide to Form 1099-NEC
Understanding Form 1099-K.
What are Forms 1099-INT, 1099-DIV, and 1099-OID?
Form 1099-INT, as you may have guessed, is for interest income. Form 1099-DIV is for dividends and distributions, and lastly, Form 1099-OID is for original issue discount.
Copy A goes to the IRS, Copy 1 is for the State Tax Department, Copy B is for the payee, and Copy 2 is to be filed with the recipient’s state income tax return, when required.
Who has to file Form 1099-INT ?
As stated in the form instructions, you should:
- File a 1099-INT for each person:
- To whom you paid interest and tax-exempt interest amounts reportable in boxes 1, 3, or 8 of at least $10 (or at least $600 of interest paid in the course of your trade or business described in the instructions for Box 1, Interest Income);
- For whom you withheld and paid any foreign tax on interest; or
- From whom you withheld (and did not refund) any federal income tax under the backup withholding rules, regardless of the amount of the payment.
Who has to file Form 1099-OID?
- File Form 1099-OID if the following applies:
- If the total daily portions of the original issue discount (OID) for a holder is at least $10 and you are any of payers as defined in the 1099-OID instructions;
- For any person for whom you withheld and paid any foreign tax on OID; or
- From whom you withheld (and did not refund) any federal income tax under the backup withholding rules, even if the amount of the OID is less than $10.
Who has to file Form 1099-DIV?
- File Form 1099-DIV for each person:
- To whom you have paid dividends (including capital gain dividends and exempt-interest dividends) and other distributions valued at $10 or more in money or other property,
- For whom you have withheld and paid any foreign tax on dividends and other distributions on stock,
- For whom you have withheld any federal income tax on dividends under the backup withholding rules, or
- To whom you have paid $600 or more in money or other property as part of a liquidation.
| Form | Primarily reports | Common examples |
|---|---|---|
| 1099-INT | Interest income | Bank interest, certain bond interest, CDs |
| 1099-DIV | Dividends and distributions | Ordinary/qualified dividends, capital gain distributions |
| 1099-OID | Original issue discount | Certain bonds, notes, CDs and other debt instruments issued at a discount |
When is the Form 1099 due?
Forms 1099-INT, 1099-DIV and 1099-OID are generally required to be furnished to recipients by January 31 of the year following the calendar year in which the reportable payment was made. If January 31 falls on a weekend or legal holiday, the deadline generally moves to the next business day.
The deadline for filing these information returns with the IRS depends on how they are filed. Paper returns are generally due by February 28, while electronically filed returns are generally due by March 31. When a filing deadline falls on a Saturday, Sunday or legal holiday, the deadline generally moves to the next business day.
Businesses should check the IRS General Instructions for Certain Information Returns for the applicable tax year before filing, as deadlines and filing requirements can change. Filing or furnishing information returns late, or submitting incorrect information, may also result in penalties.
What are the penalties for missing the deadline?
Businesses that fail to file Forms 1099-INT, 1099-DIV or 1099-OID correctly and on time may be subject to IRS penalties. The amount of the penalty can depend on factors such as how late the return is filed, the size of the business and whether the failure was due to intentional disregard of the filing requirements. Separate penalties may also apply for failing to provide correct information returns to recipients. Because penalty amounts can change from year to year, businesses should refer to the IRS General Instructions for Certain Information Returns for the latest requirements and penalty rates.
The IRS also charges interest on penalties, where the interest amount varies by the penalty type and amount.
To download and view the form and its instructions, use the links below:
- Form 1099-DIV
- Form 1099-DIV Instructions
- Form 1099-INT
- Form 1099-INT Instructions
- Form 1099-OID
- Form 1099-OID Instructions
Article Updated: October 2026
Frequently asked questions
Form 1099-INT generally reports interest income paid or credited during the year, while Form 1099-OID reports original issue discount (OID) on certain debt instruments. OID is generally a form of interest that accrues over the life of a debt instrument, even if the holder does not receive a corresponding cash payment during that period.
Yes. A taxpayer may receive both forms if they have different types of reportable interest income or hold debt instruments that generate both reportable interest and original issue discount. Each form reports different information used for U.S. tax reporting purposes.
Backup withholding may apply to certain reportable payments when specific IRS requirements are met, such as when a payee fails to provide a correct taxpayer identification number (TIN). Any federal income tax withheld under the backup withholding rules is reported on the applicable Form 1099.
Make sure to read our other articles diving into Forms 1099! And don’t forget to sign up for our mailing list to receive a free whitepaper filled with tips to help you this reporting season.
