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letsdotacs
Returning Member

I got a 1099-INT for $0.09

I received a 1099INT for $0.09 from a savings account. I read that anything less than $10 doesn't need to be filed? I just wanted to confirm

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3 Replies

I got a 1099-INT for $0.09

While all income must be reported that amount rounds to zero so ignore it. 

I got a 1099-INT for $0.09

Well they don't have to send you a 1099 Int for interest less than $10 but you must report all your income But only interest of 50 cents or more.  9¢ rounds down to 0, So just ignore it.   Are you sure it's only for 9 cents?  Any other interest for other accounts on it too?  

letsdotacs
Returning Member

I got a 1099-INT for $0.09

Yup, it says $0.09 in box 1 interest income.

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