Where do I enter interest I got from my savings accounts when the interest earned is less than 10.00 and I have no official form
I don't have a 1099 because my bank savings interest is under 10.00. So where do I report the interest earned if the amount is less than 10.00? Do I still put it in the same area where I would have entered 1099 form information?
021936
2 Replies
KrisD
Intuit Alumni
May 31, 2019 7:54:31 PM
Yes,
you would still enter it as if you received a 1099-INT.
Use the name of the bank (or other financial institution) as the payer.
Very good answer. I think specifically it's reported on a Schedule B worksheet in TurboTax. Most people think they don't have to report if less than $10 and your answer says it spot on.