I received a 1099-INT for a small savings account that I have with a well-known bank for $0.03. I thought financial institutions only issue 1099's for amounts greater than $10.00. I
Should I contact them?
Thank you.
01520
1 Replies
DoninGA
Level 15
Jan 27, 2025 4:45:25 AM
That is the bank policy, not need to contact them. You can ignore the interest income of $0.03 on your tax return.