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    baovle's Avatar
    baovle Posts: 19, Reputation: 1
    New Member
    		  
    #1

    Apr 5, 2012, 02:52 PM
    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
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Apr 5, 2012, 03:03 PM
    If the bank didn't send a 1099 you can leave it off.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Apr 5, 2012, 03:08 PM
    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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