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Is there a minimum about of interest income that has to be reported?

I didn't get a 1099 INT from my bank on my interest bearing accounts, and I'm wondering if there is a minimum amount of interest needed to produce a 1099 INT
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3 Replies

Is there a minimum about of interest income that has to be reported?


@jnicholls210 wrote:
......I'm wondering if there is a minimum amount of interest needed to produce a 1099 INT

Generally, it is $10 or more.

 

See https://www.irs.gov/instructions/i1099int#idm140190795224752

Is there a minimum about of interest income that has to be reported?

But anything over 50 cents must be reported on your tax return, even if you did not get a 1099-INT.

Is there a minimum about of interest income that has to be reported?


@SweetieJean wrote:

But anything over 50 cents must be reported on your tax return, even if you did not get a 1099-INT.


That is true. Further, and technically, anything over 49 cents must be reported since 50 cents rounds up.

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