Cat in OH Posted January 31, 2008 Report Posted January 31, 2008 One of my tax clients just brought in a 1099 that required an explanation. In 2007 he opened a new account for a bank branch that was inside a grocery store. Their enticement was that he got $100 in groceries for opening the account. Now they've sent a 1099 showing the $100 as interest. It's no big deal, but I'd just never seen it before. Quote
Ray in Ohio Posted January 31, 2008 Report Posted January 31, 2008 My question is: was the $100 interest reinvested in the account? (I sure hope he got items that don't spoil) Quote
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