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Is it required to report any interest/dividends

is it required to report interest and dividends that are under $8?
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LinaJ2018
Intuit Alumni

Is it required to report any interest/dividends

Yes, you are required to report. 

The IRS doesn’t recognize a minimum of reportable interest for income tax purposes. If you made a dollar of interest on most accounts or loans, you are supposed to report it, with few exceptions. However, there is a minimum amount of interest you must earn before banks and other financial institutions are required to send you a Form 1099-INT for reporting purposes. They send the IRS the same information. As of 2017, the minimum amount is just $10.

Not receiving a 1099-INT is no excuse for not reporting interest, as the IRS makes clear. The IRS website warns that recipients are responsible for reporting all interest on federal tax forms, even if they do not receive any Form 1099-INTs.

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