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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.

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

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 Interest earned on CDs is taxable, even if they are re-invested or not withdrawn.

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