I finally was able to start working on my taxes for this year. I really wanted to get started earlier but every year I go through the same song and dance with my investments / bank accounts. In short when you earn interest income a bank / securities firm must send you a 1099-INT, however if you have earned less than $10 they don’t have to. This however does not relieve you of responsibility of reporting the income to the IRS. So every year when tax time comes, I get to fight with various banks and then start playing the guessing game of what do I need to report to the IRS.

Fun fun!