turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Reporting few cents of interst

Even if we wanted to show an interest of few cents, when we enter few cents, it will round down to zero  but then this will cause the program not to show it at all correct? in other words, it is not possible to show a few cents or zero dollar interest entry, even if we wanted to correct?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Anonymous
Not applicable

Reporting few cents of interst

why would you want to bother? 

 

 

but are you entering the decimal point   .01   not 01

 

Reporting few cents of interst

because my broker issued a 1099-INT for 9 cents, in a consolidated tax form saying i have other 1099-div and 1099-b too.... they say it is my information only and that form isn't sent to IRS but i couldnt be sure because on the form it says the form is being furnished to IRS (looks like generic wording but stilll). so just in case, if that goes to IRS and i cannot show it, then i will not be showing that 9 cents for which they received a 1099-int.

 

I was hoping someone answer my original question

 

so if it is zero, it is not possible to show it even if we want to?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question