Interest income from savings under $10.00?
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Do I have to claim $2.32 interest earned from a savings account on my federal tax return? I will not receive a 1099-INT form.
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December 17th, 2009 at 10:57 pm
Millions of people don’t bother.
CPA 20 Years of experience and a number of IRS and State audits.
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December 17th, 2009 at 11:41 pm
u might not get a 1099 but if you do you dont have to file under 10.00
CPA 20 Years of experience and a number of IRS and State audits.
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December 18th, 2009 at 1:28 am
If it is under $10, you do not have to report it, regardless of whether or not you receive the 1099.
If it was above $10, you would be required to report it regardless of whether or not you received a 1099.
CPA 20 Years of experience and a number of IRS and State audits.
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