My biggest time sink this year was sorting out how to file crypto gains/losses. After two hours of struggle, I found that I had to pay income tax on about 15 dollars of capital gains.
Investments: Yes, I have to file a 1099. Business: no.
Crypto: I think your holdings have to be significant for it to matter whether you file this or not, maybe I broke a law here.
I think most people don't report interest that is below the reporting threshold for the bank either. Doesn't change what the tax code says you are supposed to do.
If the answer is yes, but you put no so that you didnt need to file any additional details, thats definitely illegal.