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Cfoust652
Level 2

Savings 1099-INT

I received 0.08 cents of interest from my savings account and will not receive a 1099-INT from my bank. Do I need to still report this on my tax return?

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‎January 23, 2021 5:10 PM
last updated ‎January 23, 2021 5:10 PM
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SweetieJean
Level 15

Savings 1099-INT

No.  Amounts less than 50 cents are rounded down to zero, as per IRS rules.

‎January 23, 2021 5:19 PM
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