Surprisingly, my bank issued 1099-INT form for 49 cents of interest. IRS rounds up or down all #s and so do all tax programs. So 49 cents will round down to 0 dollar. Do I just enter this bank as payer and enter 0.49 in Box 1 Interest Income and let the program round down to 0 dollar, and just report 0 dollar to IRS? I don't see there's a way to report it as 49 cents, and since 49 cents of interest is being furnished to IRS, and I think I'm required report even if it rounds down to 0 dollar. Anyone know how to handle this? Thank you.
