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New Member
posted Mar 25, 2024 10:50:49 AM

Do I have to report interest earned from my savings account

0 2 409
2 Replies
Level 15
Mar 25, 2024 10:55:19 AM

Yes. All income must be reported, even if it is one dollar. 

Expert Alumni
Mar 25, 2024 10:55:24 AM

Yes.  If you are filing a return, then all income from all sources, must be included on your return. You can enter it by clicking the following:

  • Federal
  • Income
  • Show more next to Interest and Dividends
  • Start next to interest on 1099-INT