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posted Mar 10, 2021 5:07:55 PM

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 Replies
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.