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42M out of 150M tax returns filed in 2015 had taxable interest (1099-INT) https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-returns-line-item-
by hundt 8y ago
42M out of 150M tax returns filed in 2015 had taxable interest (1099-INT)
https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-returns-line-item-estimates https://www.irs.gov/statistics/soi-tax-stats-individual-inco...
- scott_s 8y agoWe're in the weeds here, but 1099-INT are also used for interest on money-market savings accounts - my guess is a lot of that 42 million filers do not have stock trades. I think W2s and 1099-INTs for money-market savings accounts still qualify as quite boring. However, I still claim that even such boring filers would benefit from the IRS sending out "yea/nay" forms. It removes a lot of the stress and mystery from the process.
- hundt 8y agoYou don't have to guess :) About 26.5 million had losses or gains from sale of property (of which stock trades is the simplest case). Stock trades are also reported to the IRS, although the basis often isn't.
- deleted 8y ago[deleted]