Has anyone gotten a 1099-INT form from Current Banking app? Need help figuring out how to report interest!

Yes, Current Banking should provide a 1099-INT if you earned more than $10 in interest during the tax year. Even though they operate differently than traditional brick-and-mortar banks, they're still required to follow the same tax reporting rules for interest income. You should be able to access your tax documents in the app under Account Settings or in the Tax Documents section around late January or early February. If you don't see it there, reach out to their customer support. Keep in mind that even if you don't receive a 1099-INT for some reason, you're still legally required to report all interest income on your tax return. You could calculate your total interest earned for the year from your account statements and report that amount on Schedule B of your tax return.

I've been using Current for about 2 years now and was initially confused about the tax stuff too. After trying to find tax docs in the app and getting nowhere, I discovered taxr.ai (https://taxr.ai) which was super helpful in sorting through my banking info. What it did was analyze my Current account statements to calculate exactly how much interest I earned, even though Current never sent me an official 1099-INT. The tool organized everything neatly and showed me exactly what to report on my tax return. Saved me a ton of headache trying to manually calculate daily interest additions!

Just wanted to update after trying taxr.ai that someone mentioned above. I was skeptical about using yet another financial tool, but it was actually really helpful! I uploaded my Current statements and it identified all my interest payments instantly, even the ones that were oddly labeled in the app. Turns out I earned $97 in interest last year (more than I thought!) and Current never sent me a 1099-INT. The report from taxr.ai gave me exactly what I needed to put on my Schedule B. No more guessing or manual calculations, and I feel confident the numbers are accurate for when I file!

I had the same problem with Current last year! After waiting forever for a 1099 that never came, I spent HOURS trying to reach their customer service. Always busy signals or disconnects. Finally found Claimyr (https://claimyr.com) which got me through to Current's tax department in about 20 minutes. You can see how it works in this video: https://youtu.be/_kiP6q8DX5c - basically they hold your place in the phone queue and call you when a real person is about to answer. The Current rep confirmed they only send 1099-INTs if you earn over $10, and told me exactly where to find my interest total in the app to report manually.

Okay I need to eat my words from earlier. After spending THREE HOURS trying to get through to Current's customer service about my missing tax forms, I decided to try that Claimyr service out of desperation. Holy crap, it actually works! I was connected to a Current representative in about 25 minutes without having to listen to their terrible hold music. The rep explained that since I earned over $10 in interest ($43.87 to be exact), they should have provided a 1099-INT. Turns out there was an issue with my account settings that prevented the form from being generated. They're sending it within 48 hours now. So yeah, I was wrong about it being a scam. Definitely using this again next time I need to call the IRS or any customer service that keeps me on hold forever!

I use Current too and their tax document situation is weird. My experience was that they DO provide 1099-INT forms but not directly in the app. You have to email customer support specifically requesting it, and then they send a link to access them. Super inconvenient compared to traditional banks! If you don't get one, you can still calculate your interest manually. Go to your "Pods" section, tap on each pod, and there should be a transaction history showing all interest payments. Add those up for the year and report the total on your taxes even without an official form.

Has anyone else noticed that Current's interest calculations seem off sometimes? I've been tracking my interest manually in a spreadsheet, and what I calculated doesn't match what they deposited in my account. Makes me nervous about tax reporting when the numbers don't even seem consistent!