Cat in OH Posted January 31, 2008 Report Share 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 Link to comment Share on other sites More sharing options...
michaelmars Posted January 31, 2008 Report Share Posted January 31, 2008 yep its correct Quote Link to comment Share on other sites More sharing options...
Ray in Ohio Posted January 31, 2008 Report Share 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 Link to comment Share on other sites More sharing options...
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