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New Member
posted Jun 1, 2019 1:58:08 AM

Is there any reason I did not receive an 1099-Int from my bank?

0 2 6891
2 Replies
Level 15
Jun 1, 2019 1:58:09 AM

Yes if it was under $10.  But you still have to enter the amount.
 You must report all your income no matter how small, even $1 of interest that you don't get a 1099 for.  Enter interest received like a 1099-Int under
Federal Taxes tab
Wages & Income
Interest and Dividends
Interest on 1099INT - Click the Start or Update button

Put the interest amount in box 1

Expert Alumni
Jun 1, 2019 1:58:10 AM

Any amount of income that is more than 49 cents is reportable and taxable.

If the amount is less than $10, the bank does not have to send you a 1099-INT, but you are required to report the income. You report it as if the bank had sent you a 1099-INT. Just put the bank name as the payer and put the interest in Box 1.

To enter interest income (without a 1099-INT):

  1. Open your return (if not already open).
  2. Click on “Take me to my return” if applicable.
  3. Search for "1099-int" in the Search box.
  4. Click on the “Jump to 1099-int” link.
  5. Arrive at the Let's get your 1099-INT or brokerage statement details page.
  6. Enter source of income in the Received from field.
  7. Enter interest income in the Box 1 - Interest income field.