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INTEREST LESS THAN $10
Has anyone out there ever received an IRS Notice letter for being honest and reporting interest less than $10?
Simply put, the IRS will not get a 1099-INT on this so they will not reconcile penny for penny. If the few dollars are properly itemized on Schedule B, I would hope it would not raise a flag and trigger a stupid letter.
Anyone please?
‎January 29, 2024
6:24 AM