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View Full Version : Taxable interest


sonlalwani
Mar 19, 2012, 04:52 PM
Does one has to count < 10 $ ( on 1040 ) interest earned from bank account for which 1099int is not issued

Is there any diffference about foreign accounts interest do one has to count on 1040 ( schedule B ) even if less then 10$

AtlantaTaxExpert
Mar 20, 2012, 01:40 PM
If the interest earned in LESS than $10, you do NOT have to claim it on your tax return.