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Get your taxes done using TurboTax
Yes to what Amy said. I wasn't suggesting anyone should not report income, only that like everything tax-related, if you choose to not report (because a 1099 is not issued) that is on you if you want to roll the dice with the IRS, whatever the amount might be. And I would argue that 3 cents could affect your tax liability, if it takes your interest summation to over 50 cents, and that rounded up dollar puts you in the next tax bracket. The odds of this happening are small, but it could happen. But now we are splitting hairs, because nobody will ever be audited on a dollar rounding issue moving them in or out of a bracket. For me, it's just a slippery slope. If I ignore 3 cents, maybe I ignore everything under a dollar... and then anything that doesn't issue a 1099 eventually. Better to just enter all the figures as you know them, and let TT and their "guaranteed accuracy" take over from there.