Yes, you can declare an ordinary loss for the CD in the amount that is stated in supplemental information. To declare.
- Log into your account
- Select Wages and income>other income
- Miscellaneous Income, 1099-A, 1099>start
- Scroll to the bottom of the page to Other Reportable Income
- Other taxable income, answer yes
- Then give a brief description of the income and the amount listed. Here describe it as Ordinary loss from a matured CD and then list the amount with a minus sign in front.
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