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Level 2
January 30, 2023
Question

Do I have to list interest that is accrued but not paid on a Certificate of Deposit that is not listed on the Bank's 1099-INT for 2022?

  • January 30, 2023
  • 1 reply
  • 0 views
The CD is for 1 year ending in August 2023. The Bank states they don't report until interest is paid.

1 reply

VolvoGirl
Level 15
January 30, 2023

No.  Just when they pay it and give you the 1099 INT.

tac4060Author
Level 2
January 30, 2023

Thank You!!