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elim99
New Member

If I made under $10 dollars from my bank savings and I did not receive a 1099-INT from my bank, do I still have to report it? If so, how should I report it?

I don't have a physical form so I'm not sure what to enter in for the boxes "Received From", "Box-1 Interest Income", and "Box-3 - Interest On U.S. Savings Bonds and Treas. Obligations".
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1 Reply

If I made under $10 dollars from my bank savings and I did not receive a 1099-INT from my bank, do I still have to report it? If so, how should I report it?

Yes report anything over 50 cents (rounds up to $1).  Enter  it like a 1099INT and put the amount in box 1.  Just enter the bank name.

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