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

[HelenaC]

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.