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New Member
posted Mar 20, 2024 4:41:11 PM

Do I need to report 43 cents in interest?

I made 43 cents in interest on my checking account.  Can I round that down to zero, or must I report it?

0 2 710
2 Replies
Expert Alumni
Mar 20, 2024 4:42:43 PM

No,

numbers are rounded up or down on a tax return and .43 would be rounded down to zero.

Do not enter it.

Level 15
Mar 20, 2024 4:44:08 PM

 Can I round that down to zero? Yes, no report.