Cynthiad66
Expert Alumni

Get your taxes done using TurboTax

 

 

This is considered de minimis and unreasonable for reporting purposes.

 

In general, a de minimis  is one for which, considering its value and the frequency with which it is provided, is so small as to make accounting for it unreasonable or impractical. De minimis benefits are excluded under Internal Revenue Code section 132(a)(4) and include items which are not specifically excluded under other sections of the Code. 

 

You do not need to file returns for these various states except for the state that you live in.  The filing requirement for most states exceed $5,000.00 of income.  So to avoid errors on the state returns do not enter the various states from the 1099INT.

 

If you want to just pay taxes on the $30.00,  add the interest to your state.

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