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Non-Issuance of Form 1099-INT by insurance company
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Insurance company is correct. 1099-INT instructions:
"Also include interest of $600 or more paid in the course of your trade or business not meeting the above criteria, such as interest on delayed death benefits paid by a life insurance company, interest received with damages, interest on a state or federal income tax refund, or interest attributable to certain notional principal contracts with nonperiodic payments."Jiggers, EA
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