rjs
Level 15
Level 15

Retirement tax questions

Yes, it's taxable income. Although some banks, and especially credit unions, call it a dividend, it's actually interest. If it was $10 or more you should have gotten a Form 1099-INT from the bank. You report it on your tax return as interest income, no matter how much or how little it was, and whether or not you got a 1099-INT.