- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
You don't report the cash out of a CD in the Investments section. It gets reported under the Personal Income tab in the Interest and Dividends section. Since CD's earn/pay interest, you will report it as 1099-INT interest income. An actual 1099-INT form is not required for you to enter/claim the interest income.
You only report the Interest earned. You do "NOT" include your purchase price of the CD.
‎June 30, 2020
3:45 PM