Solved: What is the minimum amount to declare/report for interest income? I have a couple that are less than $1.00. Thanks! Rick

What is the minimum amount to declare/report for interest income? I have a couple that are less than $1.00. Thanks! Rick

posted

There is no minimum amount. You should report all the interest income you receive, even if the amount you receive from a payer is less than $1.00.

There is no minimum amount. You should report all the interest income you receive, even if the amount you receive from a payer is less than $1.00.

What is the minimum amount to declare/report for interest income? I have a couple that are less than $1.00. Thanks! Rick