No, you need to report this income, because although it is small, it is still taxable.
Here's how to enter a 1099-INT into TurboTax Online manually:
1. Under "Let's import", choose "Enter a different way."
2. Choose Interest, continue
3. Choose "Type it in myself"
4. Enter FEIN from payer, payer's name, and amount of interest. Choose recipient's name from dropdown box.
