Look on the Form 1099-INT. Your interest from your CD should be included in that section of your Consolidated 1099-B. To enter your 1099-INT follow the steps below: Launch TurboTax Select Federal and Wages & Income Select Add more income Select the dropdown by Investments and Savings Select Interest on 1099-INT and follow the prompts to enter the interest that you received. Refer to the TurboTax Help article Filing Tax Form 1099-INT: Interest Income for more information.

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mlfrazier0

Level 1

Question

My 1099-B lists matured CDs with no capital gain. There is no appropriate CD listed under what type of investment. How do i list it or do i not include it at all?

Forum|Forum|1 year ago
March 16, 2025
3 replies
10 views

No text available

SharonD007

Level 14

Look on the Form 1099-INT. Your interest from your CD should be included in that section of your Consolidated 1099-B.

To enter your 1099-INT follow the steps below:

Launch TurboTax
Select Federal and Wages & Income
Select Add more income
Select the dropdown by Investments and Savings
Select Interest on 1099-INT and follow the prompts to enter the interest that you received.

Refer to the TurboTax Help article Filing Tax Form 1099-INT: Interest Income for more information.

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Mike9241

Level 15

you have to report it because the IRS will try to match the gross proceeds and cost you report to what it got from the broker. use the investment section.

Mike9241

baldietax

Level 12

presumably these are brokered CDs - yes you should report the 1099-B sale/redemption as provided (and separately you should have interest on 1099-INT). I think you mean the drop down in the 1099-B input "What type of investment did you sell?" doesn't show CD - if so you can just use Bond.