Yes, you still need to report your income, no matter the amount. Your financial institution isn't required to send you a 1099-INT, if it is for $10 or less, so you might not have one, but you are still required to report it on your tax return.
To report your interest income from your credit union without a Form 1099-INT:
- Open your return.
- Select "Federal Taxes".
- Select "Wages & Income".
- Then select "I'll Choose What to Work On".
- Select "Start"
- Answer "Yes" to the question "Did You Receive and Interest Income?"
- Select "I'll Type it in Myself"
Then Select "Continue".
Click here for additional information on entering your Form 1099-INT, including if you are using the Desktop version.
Please feel free to come back to TurboTax Community with additional information or questions or click here for help in contacting Turbo Tax Support.
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