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?
01260
1 Best answer
bluedeb
Level 15
Jun 13, 2020 2:15:11 PM
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.
1 Replies
bluedeb
Level 15
Jun 13, 2020 2:15:11 PM
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.