turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Bank and Credit Union said they do not send 1099s for interest less than $10. Do I need to report this interest anyways?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
HelenaC
New Member

Bank and Credit Union said they do not send 1099s for interest less than $10. Do I need to report this interest anyways?

Yes, you do. The IRS says all income is taxable and you have to claim it on your income tax return.

Even though you did not receive form 1099-INT, enter the interest in Box 1, Interest Income.

  • Type 1099-int in the search box and click search.
  • Click on Jump to 1099-int.
  • Enter the amount in Box 1.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies