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Interest income under $10.00

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lenna

Junior Member
Do I have to claim $2.32 interest earned from a savings account in 2005 on my federal tax return?
 


LdiJ

Senior Member
lenna said:
Do I have to claim $2.32 interest earned from a savings account in 2005 on my federal tax return?
Technically yes. Will the IRS care if you don't? No. Any amount of taxes involved with 2.32 in interest would change your tax return by only a few cents.
 

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