- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@SandyG19 , as I see from the available information on-line, the CDB appears to be similar in nature to US CD. As such you realize the earned interest at term i.e. if it is five year CDB, then the interest is available to you only on completion of five years. So for US tax purposes, you report the earnings ONLY when constructively received. The foreign tax paid also becomes recognizable ONLY when levied/paid.
Does this answer your query ?
‎October 8, 2021
4:49 PM