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".
01223
1 Replies
VolvoGirl
Level 15
Mar 10, 2021 5:12:56 PM
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.