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Level 2
posted Jan 25, 2022 10:39:02 AM

I received $4.80 in interest from the IRS . Since it is under $10 do I have to report it? If I do where do I add in Turbotax?

0 2 290
2 Replies
Expert Alumni
Jan 25, 2022 10:52:39 AM

You need to report all your income on your tax return. Just report it as if you received a 1099-INT.

  • Login to your account.
  • Select Federal from the left menu
  • Go to Wages and Income.
  • Scroll down to Interest and Dividends
  • Select Strat next to Interest on 1099-INT

 

Level 2
Jan 25, 2022 11:25:27 AM

Thank you.