This FAQ applies to Flourish Cash. You can review Flourish Crypto FAQs here.
Flourish Cash will provide you with a single consolidated 1099-INT per Flourish Cash account. This form will be available for download from within your account by January 31. We will email you once your forms are available within the platform, which you can download at any time.
A 1099-INT form is used to report interest income earned to the Internal Revenue Service (IRS). You will need this form to do your taxes.
Please note that we will not issue a 1099-INT Form for you if your combined account(s) did not generate $10 or more of interest in any given year. This does not imply that you are not required to report interest if under $10. Please consult with a tax professional if you have any questions.