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Get your taxes done using TurboTax
You probably have to ask your provider what they do.
My CDs at Ally always report accrued interest at year end on a 1099-INT for that year, no matter how long the CD is for. So if a 1 yr CD is purchased 3mos before year end, those 3mos of interest are reported for that year....and then the next 9mos will be included for the next year's 1099-INT.
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But like I said...I know some CDs only reported at maturity.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 13, 2023
5:09 PM