What is minimum amount I have to report on a 1099-int
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What is minimum amount I have to report on a 1099-int

I received $2.38 on savings acct.
1 Reply
Level 15

What is minimum amount I have to report on a 1099-int

Yes I would report it.  You must report all your income no matter how small.  Even $1 of bank interest.  Actually 50 cents rounds up to $1.  I'm entering mine.  Enter it as a 1099Int and put the amount in box 1.

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