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opu_azhar
New Member

I earned $4.29 as an interest from bank account. Where should I report that? Bank didn’t send me any form or anything, I just saw in my statement that $4.29 amount.

 
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Ashby
New Member

I earned $4.29 as an interest from bank account. Where should I report that? Bank didn’t send me any form or anything, I just saw in my statement that $4.29 amount.

If the amount is less than $10, the bank does not have to send you a 1099-INT, but you are required to report the income. You report it as if the bank had sent you a 1099-INT. Just put the bank name as the payer and put the interest in Box 1.

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1 Reply
Ashby
New Member

I earned $4.29 as an interest from bank account. Where should I report that? Bank didn’t send me any form or anything, I just saw in my statement that $4.29 amount.

If the amount is less than $10, the bank does not have to send you a 1099-INT, but you are required to report the income. You report it as if the bank had sent you a 1099-INT. Just put the bank name as the payer and put the interest in Box 1.

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