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Get your taxes done using TurboTax
....well, to clarify... amounts of 50cents or higher are supposed to be reported as a 1099-INT from that bank, even of they didn't send you one.
....amounts of 49cents or less, end up being rounded to zero....and generate a software error as-if it is a blank 1099-INT....thus, you can ignore it only if it's 49cents or less.
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Checking interest % is so pitifully tiny, that interest amounts less than 50cents are possible
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎April 5, 2022
4:14 PM