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March 30, 2025
Question

1099-INT - Less than $10

  • March 30, 2025
  • 1 reply
  • 0 views

Hi,

 

One of my bank reports a separate 1099-INT for each account rather than a single consolidated form. I used the import function in Turbotax and all 1099-INTs were imported separately except one where the interest was $5. My guess is it didn't import because it is less than $10. My bank DOES include a 1099-INT in my hard copy for this account and shows box 1 of $5 which wasn't imported. Should I add this because it is included in the hard copy or no because it is less than $10?

 

Thanks!

    1 reply

    March 30, 2025

    Yes, you will definitely wan to add the $10 interest.