Is interest income of less than $10 reportable?

pcamboia · ‎June 6, 2019

MinhT · ‎June 6, 2019

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.

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MinhT · ‎June 6, 2019

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Do you have an Intuit account?