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Investors & landlords
AC125,
CDs are investments and in your situation I would follow the rules that can be used for bonds bought at a premium. Report the CDs under the stocks and bonds area as either short term or long term investments where both the proceeds and the basis were not reported to the IRS. (These are coded C and F on form 8949.) Your cost basis is what you invested in $USD and your proceeds are what you received at maturity converted to $USD.
March 17, 2023
7:16 PM