You'll need to sign in or create an account to connect with an expert.
Yes, most banks do not send a 1099-INT form when the amount is less than $10. You do need to enter the amount even though you did not get a 1099-INT.
Form 1099-INT reports interest from banks, brokerages, and other financial institutions. Here's how to enter a 1099-INT:
Yes, most banks do not send a 1099-INT form when the amount is less than $10. You do need to enter the amount even though you did not get a 1099-INT.
Form 1099-INT reports interest from banks, brokerages, and other financial institutions. Here's how to enter a 1099-INT:
Thanks for the reply. I just wonder how the IRS knows about it when they don't get the equivalent 1099-INT. 😑
The IRS will not know about the interest, but you are required to report it anyway.
Thanks!👌
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jmpeacock-sbcglo
New Member
mbdowty
Level 1
jeangail
New Member
mpiseter
New Member
TomG6
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.