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Returning Member
posted May 6, 2021 9:36:53 AM

I got a 1099-INT for $0.09

I received a 1099INT for $0.09 from a savings account. I read that anything less than $10 doesn't need to be filed? I just wanted to confirm

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3 Replies
Level 15
May 6, 2021 9:39:00 AM

While all income must be reported that amount rounds to zero so ignore it. 

Level 15
May 6, 2021 9:40:19 AM

Well they don't have to send you a 1099 Int for interest less than $10 but you must report all your income But only interest of 50 cents or more.  9¢ rounds down to 0, So just ignore it.   Are you sure it's only for 9 cents?  Any other interest for other accounts on it too?  

Returning Member
May 6, 2021 9:43:56 AM

Yup, it says $0.09 in box 1 interest income.