topic How do I report interest from a 1099-INT less than $0.50? No 1099 generated due to less than $10 interest earned. Doesn't this round down to $0? Is zero a red flag? in Get your taxes done using TurboTax

How do I report interest from a 1099-INT less than $0.50? No 1099 generated due to less than $10 interest earned. Doesn't this round down to $0? Is zero a red flag?

SLH-80GW — Tue, 03 Feb 2026 12:36:26 GMT

It is my understanding based on research that all interest income must be reported (1099-INT and 1099-DIV) even if less than $10. But $0.49 or less, which rounds to zero, seems like a pointless and could be mistaken as an error rather than a diligent and thorough effort to report. Any advice would be appreciated!

Re: How do I report interest from a 1099-INT less than $0.50? No 1099 generated due to less than ...

LenaH — Fri, 07 Feb 2025 15:31:34 GMT

Interest in the amount below .50 cents would round down to zero. This doesn't have to be reported on your tax return and isn't considered a red flag.

Re: How do I report interest from a 1099-INT less than $0.50? No 1099 generated due to less than $10 interest earned. Doesn't this round down to $0? Is zero a red flag?

Bsch4477 — Fri, 07 Feb 2025 15:32:29 GMT

The IRS rounds amounts. Do not report amounts less than 50 cents.