Is the reporting interest required by a bank savings and loan a row and etc. for a 1099 INT $5 or $10? I thought it was $10. I am a novice but do read the fine print. I know everything is rounded up or down but I still want to report as a precaution and for future interest could be acquired for this account and other bank accounts.
By law regardless of the amount of interest, it is still reportable regardless if it is rounded to zero.
I still plan to report.
