Random Poster wrote:Just report the $7.50 and forget about the AMT form (assuming I don't need to fill it out for any other reason)? Just to "back in" to the private activity bond interest number and report that on the AMT form? Something else altogether?
Since you're basically on the honor system, do whatever makes you feel honorable.
Or go for the time-saving approach and report it as standard taxable income. How much of your time is it worth just to save a dollar or two?
Personally I just input a flat $10 every year so I don't really have to think about it. I'm pretty sure I have less than $1 in interest this year that wasn't reported, but I don't really feel like actually checking.