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Get your taxes done using TurboTax
A brokered CD, at maturity, is deemed to be redeemed or sold, and those are the instances you will see them on your 1099-B.
Yes, even though the net effect in your case is a $0 gain or loss, it is best to go ahead and report it on the tax return as it is reported on your form. This is because the "total proceeds" number is one that is used in automated IRS checks, so you want to be sure that matches!
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‎February 23, 2025
3:03 PM