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-   -   Do I have to report interest income of less than $10? (https://www.askmehelpdesk.com/showthread.php?t=648715)

  • Apr 5, 2012, 02:52 PM
    baovle
    Do I have to report interest income of less than $10?
    The bank didn't sent me an 1099-INT for 2011 because the interest income is less than $10. Do I have to report that amount on my Federal tax return?

    The bank said don't worry about it.

    Thanks,
    Bao
  • Apr 5, 2012, 03:03 PM
    ScottGem
    If the bank didn't send a 1099 you can leave it off.
  • Apr 5, 2012, 03:08 PM
    AtlantaTaxExpert
    You ARE suppose to report the interest, but the IRS is NOT going to hunt you down like a dog if you do not.

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