Do I need to report the $3.12 from 1099-B since the amount is so small?

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The IRS says that you are required to report all income, no matter how small, and regardless of whether you received a form or not.

The income on form 1099-B has been reported to the IRS and the IRS may question you at a later time if you do not report the income on your tax return.

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I had property damage as a result of a storm. I got estimates for repairs. My insurance covered a small portion. FEMA contributed some. Where do I report the FEMA $?

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Do I need to report the $3.12 from 1099-B since the amount is so small?

Do I need to report the $3.12 from 1099-B since the amount is so small?

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Do I need to report the $3.12 from 1099-B since the amount is so small?

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Do I need to report the $3.12 from 1099-B since the amount is so small?

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