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It depends. 1099-INT Forms are not required to be issued if the interest earned is less than $10.00. If your interest income is less than this amount, you can probably confirm the amount of interest earned by reviewing a year end bank statement. If you did have interest income of at least $10.00, then you can contact BECU to get a copy of that form and should wait to receive that form so that you can report it correctly on your tax return.
It depends. 1099-INT Forms are not required to be issued if the interest earned is less than $10.00. If your interest income is less than this amount, you can probably confirm the amount of interest earned by reviewing a year end bank statement. If you did have interest income of at least $10.00, then you can contact BECU to get a copy of that form and should wait to receive that form so that you can report it correctly on your tax return.
If my interest income from a bank is only $1 or $2 do I have to report it?
I have $1 in interest from my business bank account. Does this need to be reported? If so, is it under Other Income found under Business Income?
I found my answer elsewhere. You claim it under your personal taxes even if you didn't get a 1099-INT.
If interest income is under $10, you won't receive form 1099.
You'll enter it as if you had received a 1099-INT. Here is how to report it in TurboTax:
@SteveH7
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