☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 15, 2025 9:21:29 AM

Do l have to claim the interest on my Certificates of Deposit if they have not been cashed out yet?

Yes! I need an answer!! The CDs are just sitting in the bank. I've earned interest in the account, but haven't utilized it.

0 1 638
1 Replies
Expert Alumni
Apr 15, 2025 9:23:47 AM

Yes. Interest earned on CDs is taxable, even if they are re-invested or not withdrawn.