Thank you pk for your response
1.- No interest is withheld because I do not live in that country and I signed a document saying so. It means, that I only have to report it here in the US. I assume that because of FATCA that information will be transmitted to the IRS anyway.
2.- There could be cases where the Financial institution says that interest will be "credited " to your account ONLY at the end of the CD agreement period ( often called TERM ) , then there is no "constructive receipt" till the end of the contract. Yes, that is exactly my case in all CDs (the 12 months and the 18 month CDs) only paid the interests at the end.
So, should I report the interests of those CDs this year or the following? Should I report a portion for the 2024 and the remaining in 2025?
Somebody else published a similar question a year ago and the person who answered included this link in the response.
https://www.goldinglawyers.com/how-does-the-irs-tax-foreign-certificate-of-deposit-interest/#:~:text...
How do I proceed?
@pk
