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Should I report income that, due to de minimis rules, was not reported to the IRS?
For example, I earned less than $10 of bank income, so my bank did not provide me (or the IRS) a 1099-INT. Fidelity provided me a 1099-DIV, but it indicated that "Due to de minimis rules this form is not filed with the IRS."
Should I include either of these forms of income on TurboTax?
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posted
January 25, 2020
12:42 PM
last updated
January 25, 2020
12:42 PM
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Should I report income that, due to de minimis rules, was not reported to the IRS?
Yes. All income has to be reported.
January 25, 2020
12:58 PM
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Should I report income that, due to de minimis rules, was not reported to the IRS?
Yes. All income has to be reported.
January 25, 2020
12:58 PM
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Should I report income that, due to de minimis rules, was not reported to the IRS?
Great, that's what I've done historically. Thank you! It's just the first year I saw Fidelity call my income de minimis so I wanted to confirm.
January 25, 2020
1:13 PM
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