AnnetteB6
Expert Alumni

Deductions & credits

Yes, it is being reported on your 2019 Form 1099-INT because your account was credited with having earned that interest in 2019.  This applies even though you will not receive that interest in hand until 2020 when the CD matures.  

 

Then, on your 2020 tax return, you will only be reporting interest that the CD earns during 2020 through the date of maturity.  

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