I have form 1098 for a HELOC where I paid 0.62 in interest. I am not able to pull up Regions Bank in order to report this. Is it necessary to report such a small amt?

If it is necessary, how do I do it if I am not able to pull up my lender?

408

Expert Alumni

Feb 28, 2022 8:39:23 PM

Since the amount is immaterial, you do not need to report it on your tax return.

New Member

Feb 28, 2022 8:42:11 PM

Probably not but i am one for believing, showing all income, deductions are a opinion, and besides its a dollar, common dude it will round up and not change a thing

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I have form 1098 for a HELOC where I paid 0.62 in interest. I am not able to pull up Regions Bank in order to report this. Is it necessary to report such a small amt?