I am preparing my tax return for 2024 with Turbotax premium. Pl. clarify if there is a minimum limit below which I don't have to report the interest earned in the checking and savings accounts with US banks?
regards
All income should be reported on you tax return.
However, financial institutions are not required to issue a 1099-INT for less than $10; therefore, the IRS does not get a record of it.
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