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Get your taxes done using TurboTax
You do not report interest earned/gained as taxable income. unless it is paid out to you. You do have a 8938 filing requirement if the balance on the accounts exceeds $50,000 on the last day in the year or $75,000 at any time during the year if you file Single. The thresholds are $100,000/$150,000 respectively if Married Filing Jointly.
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‎April 7, 2025
12:31 PM