I received $0.14 in dividends and as that is less than $10 I will not receive a 1099-DIV. However, the FAQ says I still need to report it. Where do I report it?

Forum|Forum|5 years ago
January 3, 2021
2 replies
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VolvoGirl

Level 15

14 cents does not even round up to $1. Just ignore it.

SteamTrain

Level 15

The issuers are only "required" to issue tax forms for amounts greater than $10.

But

Even if you don't get a form, you are supposed to report any amounts distributed that are 50 cents or greater.

A common example would checking account interest, which have pitifully low interest earning rates. You may only get a dollar or two in interest during the year...it is most likely that no 1099-INT will be issued for that, but you are still supposed to report that interest (if 50 cents or higher) as a 1099-INT, from that bank, on your tax return.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*