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New Member
posted Feb 18, 2025 7:47:26 AM

Is interest income on CDs taxable if I roll them over. Not withdraw?

Is Earned interest on CDs taxable if rolled over?

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2 Replies
Expert Alumni
Feb 18, 2025 7:50:51 AM

Yes, interest on CDs that are rolled over is taxable in the year that it is credited to the account - unless the CDs are retirement account/IRA CDs.  

New Member
Feb 18, 2025 8:03:26 AM

Thank you much!