Question
How do I report interest from a 1099-INT less than $0.50? No 1099 generated due to less than $10 interest earned. Doesn't this round down to $0? Is zero a red flag?
It is my understanding based on research that all interest income must be reported (1099-INT and 1099-DIV) even if less than $10. But $0.49 or less, which rounds to zero, seems like a pointless and could be mistaken as an error rather than a diligent and thorough effort to report. Any advice would be appreciated!
