Do I need to report my interest earned from bank accounts? I earned less than $10 in interests from BoA and Chase in 2016. I didn't receive any 1099 from the banks.

If I do need to report the interests earned, where in the 1040 should I put the amount?

posted

Yes, all income is reportable. Please see the instructions below for entering your interest income.

https://ttlc.intuit.com/replies/4774384

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

IRS Form 3520 Part III - Schedule A - Number 37 - Doesn't equal zero - I have NO accumulation distribution only Interest from a NR form.

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Do I need to report my interest earned from bank accounts? I earned less than $10 in interests from BoA and Chase in 2016. I didn't receive any 1099 from the banks.

Do I need to report my interest earned from bank accounts? I earned less than $10 in interests from BoA and Chase in 2016. I didn't receive any 1099 from the banks.

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Do I need to report my interest earned from bank accounts? I earned less than $10 in interests from BoA and Chase in 2016. I didn't receive any 1099 from the banks.

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Do I need to report my interest earned from bank accounts? I earned less than $10 in interests from BoA and Chase in 2016. I didn't receive any 1099 from the banks.

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