ThomasM125
Expert Alumni

Get your taxes done using TurboTax

Since you received the income, it is taxable to you, although the tax will be minimal since the amount is so small.

 

You should report it as interest income in the Interest and Dividends section of TurboTax (in the Income and Expenses area on your federal return) and then Interest on 1099-INT. You don't need a form 1099-INT reporting the interest income, as you will just be asked for the name of the entity it came from and the amount.

 

 

 

 

@liandri17

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