Received a check $72 from NJ for unclaimed property. Form states there may have been interest but did not receive 1099-B or similar form. How do I determine taxable $

Forum|Forum|7 years ago
June 6, 2019
1 reply
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No form or other docomunt provided stating abount of interest paid to me by state. What if anything do i report?

TurboTax Premier Online

Best answer by IsabellaG

Don't report anything. If this $72 was for unclaimed property that belonged to you, and you can't determine the amount, if any that was for interest, and you don't have a 1099-INT to tell you the amount, there's no reason to report it. Even if there was some small amount of interest, it would have an inconsequential (most likely zero) tax effect on you.

If you can figure out how much of the $72 was for interest (for instance you know what the base amount was supposed to be), then go ahead and report it.

IsabellaGAnswer

Level 13

If you can figure out how much of the $72 was for interest (for instance you know what the base amount was supposed to be), then go ahead and report it.

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