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New Member
posted Jun 6, 2019 2:51:12 AM

Is interest income of less than $10 reportable?

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1 Best answer
Expert Alumni
Jun 6, 2019 2:51:14 AM

Yes, you must report all income, including all interest income.

The bank will not send you a form 1098-INT if interest paid to you in the year is less than $10, but you still have to report it in your tax return.

1 Replies
Expert Alumni
Jun 6, 2019 2:51:14 AM

Yes, you must report all income, including all interest income.

The bank will not send you a form 1098-INT if interest paid to you in the year is less than $10, but you still have to report it in your tax return.