Do I report drop deposit1099 when principle was from inheritance?

I inherited a trust account. I put $150,000 of the inheritance in a CD. The bank has listed my return as $5,191.15, but the CD maturity will not come until the next year. Do I have to report this income which has not happened?

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Do I report drop deposit1099 when principle was from inheritance?

Yes, accrued interest on your CD is taxable and you have to report that form 1099-INT on your tax return.

Inherited money is not taxable, but income derived from the inherited money is taxable.

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