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    sonlalwani's Avatar
    sonlalwani Posts: 2, Reputation: 1
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    #1

    Mar 19, 2012, 04:52 PM
    Taxable interest
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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.
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