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thaxtonm33
March 27, 2025
Question

Is Woodmen Life Interest Accrued for 2024 taxable. We didn’t get 1099’s

  • March 27, 2025
  • 1 reply
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1 reply

CatinaT1
CatinaT1
March 27, 2025

Yes. Even if not paid out in cash, it's taxable in the year it's earned and needs to be reported. If you know the amount, you can enter it as though you received a 1099-INT or you could call Woodmen and ask for a 1099. They are required to issue one if you have interest greater than $10.

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