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lstein
New Member

No 1099 for $8.31.

 
1 Best answer

Accepted Solutions
ToddL
New Member

No 1099 for $8.31.

Was this a Form 1099-INT?

When the amount paid to you is less than $10, many  payers (e.g. small banks and credit unions)  don't report your interest income on a Form 1099-INT, 

You can still enter the amount you received in the Form 1099-INT interview. Unless the statement you received indicates some special form of interest income (e.g. U.S. Treasury, savings bond or  tax-exempt), enter the amount in Box 1 of the interview.

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1 Reply
ToddL
New Member

No 1099 for $8.31.

Was this a Form 1099-INT?

When the amount paid to you is less than $10, many  payers (e.g. small banks and credit unions)  don't report your interest income on a Form 1099-INT, 

You can still enter the amount you received in the Form 1099-INT interview. Unless the statement you received indicates some special form of interest income (e.g. U.S. Treasury, savings bond or  tax-exempt), enter the amount in Box 1 of the interview.

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