1. All numbers on a tax return are rounded to the nearest dollar, 0 to 49 cents rounded down, 50 cents and over, rounded up.
In the future, you can safely ignore any form reporting income of 49 cents or less.
You didn't have to report 6 cents or 12 cents, and you didn't have to amend. But no harm if you did.
2. You can safely ignore the interest of 6 cents. For interest, the bank won't send you a form 1099-INT if the interest amount is less than $10. If form 1099-INT isn't issued to you, then the IRS doesn't have it either.
But you would have to report interest as if you received a form 1099-INT if it's 50 cents (rounded to $1) or over.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
