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

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

Is Earned interest on CDs taxable if rolled over?

posted

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.

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