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Level 1
February 17, 2022
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I have a checking account that earns less than $0.25 interest, annually. I don`t have a 1099-INT for this, only monthly Bank statements. Are they countable?

  • February 17, 2022
  • 1 reply
  • 20 views
It requires a Yes/No answer.
Best answer by AmyC

No, the bank only send forms for $10 or more in interest, less than that is not reportable.

1 reply

AmyC
AmyCAnswer
Level 15
February 17, 2022

No, the bank only send forms for $10 or more in interest, less than that is not reportable.

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