Yes, you should include the 1$ of interest income. It is reported under Interest and Dividends, see attached. You only need to enter the bank name and $1 in box 1. Sign in to your account. Click on 'Take Me to My Return', then
- Click Federal Taxes
- Then click Wages & Income
- Select "I'll choose what I work on"
- Scroll down to Interest and Dividends and click Start
**You may need to click on ''See all income types''.