It is interest income. If you report it as 1099 Misc you expose yourself to social security tax implicaitons. So report it on Schedule B, Interest Income.
Hope this helps.
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This appears to be interest income because the statement indicates that is such. It would be helpful to know who is the payer, and what box on the 1099 that the income is entered into.
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It sounds like interest. Many people forget to include interest in some form or another on their tax return. They always remember the W-2s and 1099s they recevied from working, but they sometimes forget that interest from their bank account and investments.
I would do as it says and report it as interest income. If it says it is all taxable, include it as such.
please go back to you post and delete the EIN-
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