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Thread: Questions on BankDirect, now Bask Bank (consolidated)
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Old Feb 19, 2022 | 11:44 am
  #2335  
guv1976
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Originally Posted by rrgg
Thanks. I thought they might not send it for a tiny amount. I'll ask.
How tiny is "tiny"? Banks are required to issue a 1099-INT for interest of $10.00 or more. You are still required to report -- and pay tax on -- interest of less than $10.00, even if the bank does not issue a 1099.
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