interest statements

Discussion in 'General Lounge' started by debodun, Feb 13, 2006.

  1. debodun

    debodun New Member

    Does anyone know if there's a deadline time when banks have to send their year-end interest statements to depositors, like for reporting interest on income taxes? I have all mine except from one partuicular bank. I was wondering if I should contact them about it.
     
  2. Hedwig

    Hedwig Well-Known Member

    I think they have to MAIL them by Jan 31.

    I'd go ahead and contact them if I were you. Maybe you can get the information from their web site or your statement. You don't have to send in the form for interest, just report it.
     
  3. standy

    standy New Member

    some banks send mails quarterly,some yearly, i think last date is dec30.
    they specifies in mail.otherwise consult bank persons are once see website.
     
  4. ontrack

    ontrack Well-Known Member

    IRS tax law requires that they mail 1099's by Jan. 31.
     

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