Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 7, 2024 4:01:26 PM

My bank statement shows dividends and interest earned but I did not receive a 1099-diV or 1099-INT. It is a small amount. Do I have to claim it? If so, how?

0 1 3046
1 Best answer
Level 15
Apr 7, 2024 4:05:19 PM

They don't send a 1099 for under $10.   But you still have to report $1 or more.  You both both interest and dividends from bank accounts?  

All you need to enter is the bank name or who paid you and put the amount in box 1.

 

Enter interest received like a 1099-Int under

Federal Taxes tab (Personal for Home & Business)

Wages & Income

Interest and Dividends

 

For Dividends put the amount in box 1a.  You might have to call and ask them if it is qualified for box 1b.  Maybe you can look at your quarterly statements and tell.

 

 

Interest on 1099INT - Click the Start or Update button

1 Replies
Level 15
Apr 7, 2024 4:05:19 PM

They don't send a 1099 for under $10.   But you still have to report $1 or more.  You both both interest and dividends from bank accounts?  

All you need to enter is the bank name or who paid you and put the amount in box 1.

 

Enter interest received like a 1099-Int under

Federal Taxes tab (Personal for Home & Business)

Wages & Income

Interest and Dividends

 

For Dividends put the amount in box 1a.  You might have to call and ask them if it is qualified for box 1b.  Maybe you can look at your quarterly statements and tell.

 

 

Interest on 1099INT - Click the Start or Update button