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Get your taxes done using TurboTax
Yes, interest that is *paid* on a CD is taxable in the year that it is paid (not accrued). You should receive a Form 1099-INT from the bank reporting any interest paid on your CD.
If you have not received this form, you may want to contact your bank to get a duplicate or an explanation as to why they didn't issue one to you.
‎June 3, 2019
12:20 PM