To whom it may concern. I recently submitted an amendment because I misreported the value reported in my 1099-INT after using turbotax to import the forms. It was imported as a duplicate.
The amount itself was super small, it was original reported as .12 cents instead of .06 cents. So it actually had zero impact on my refund or taxes owed. Assuming the IRS will check if the 1099-INT reported to them matches what I filed, I decided to be cautious and file an amendment.
In the future, if the impact of the tax refund or tax owed is trivial was it still prudent to file an amend form in this case?
As a part 2 questions, perhaps similarly relevant if my checking account paid out monthly interest, in my case it was total of .06 cents for 2023 but I didn't include it in my taxes mainly because a 1099-INT was NOT provided, do I need to report this number as well and add it to my schedule B?
In general, if I do not receive a 1099-INT does the IRS then not receive it?
Thank you for your time.
