Do you have to report interest if you have no other income ?
- conley39Lv 71 month ago
Yes, you do have to report interest income.
- 🕵️Lv 71 month ago
If you earn more than $10 in interest from any person or entity, you should receive a Form 1099-INT that specifies the exact amount you received in bank interest for your tax return. Technically, there is no minimum reportable income: any interest you earn must be reported on your income tax return.Source(s): Google.
- 1 month ago
Most likely no unless the interest were over about $10k
- KathyLv 71 month ago
Yes you do have to report it, because it is still considered income.
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- yet-knish!Lv 71 month ago
You don't have to file a return if your income is below a certain amount. But if the interest puts you at or above that amount, yes, you do have to report it.