I have a CD in a Rollover IRA, that will mature soon.
Will the proceeds be counted as a distribution (where I'll have to pay taxes on the gain), or will the proceeds still be in the rollover IRA? (so I don't have to report this on my tax return)
While we can't know the exact details of your arrangement, it is almost always the case that if you buy, sell or cash out an asset held in an IRA, the cash stays in the IRA for you to invest again. As long as you don't withdraw the money, there are no taxes to you when the CD matures, and you have the choice of leaving it as cash or investing it in a new CD or something else, as long as you keep it inside the IRA.
Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.
Explore your optionsEnter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2026 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Security Certification of the TurboTax Online application has been performed by C-Level Security.
By accessing and using this page you agree to the Terms of Use.
© 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Copyright © Intuit Canada ULC, 2026. All rights reserved.
© 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.
© 2026, Entreprises Intuit Canada ULC. Tous droits réservés.
