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New Member

My bank does not issue 1099-INT for amounts less than $10. The program will not let me enter $5 (actual amount), $10 or zero. Told to review. How do I handle?

 
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Level 15

My bank does not issue 1099-INT for amounts less than $10. The program will not let me enter $5 (actual amount), $10 or zero. Told to review. How do I handle?

You do not need to claim interest that is less than $10.  YOU DO NOT REPORT INTEREST earned under $10 period, because the banks do not report it.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**