Yes, you have to report the total interest for the whole year. The bank will not send you form 1099-INT if the total interest for the year is less than $10. But you still have to report it. You report the interest received as if you had received a form 1099-INT.
In TurboTax Online, you can enter your form 1099-INT by following these steps:
- Open your tax return
- Click on Federal in the left-hand column, then on Wages & Income
- Navigate to the list Income categories
- Locate the section Interest and Dividends and click on the arrow on the right
- Click Start next to Interest on 1099-INT.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"