1099-INT

[mitchden1]

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.

[DoninGA]

That is the bank policy, not need to contact them.  You can ignore the interest income of $0.03 on your tax return.