Should I be reporting interest earned on a Traditional IRA CD account if it has not yet matured (and will not for 2 more years)?
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1 Best answer
Rachel_W
Expert Alumni
Jun 3, 2019 12:16:09 PM
No, you do not report interest earned on a CD held in a Traditional IRA account. You do not pay taxes on the earnings in your IRA account. You are not taxed until you take a distribution.
1 Replies
Rachel_W
Expert Alumni
Jun 3, 2019 12:16:09 PM
No, you do not report interest earned on a CD held in a Traditional IRA account. You do not pay taxes on the earnings in your IRA account. You are not taxed until you take a distribution.