You will generally not receive a 1099 for less than $10 interest income. Although if you receive a combined report, you may. Technically you are responsible for reporting all income whether the payer notifies you or not. And honestly reporting the $2 won't cost you more tax and will make you appear honest but stupid if you are ever audited. =0)Your Investment expenses are deductible to the extent that you have investment income (subject to the 2% AGI limitation) so yes, it is correct. TurboTax is summarizing all your investment income to determine whether/how much of your investment expenses are deductible.
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