topic will I have to pay taxes on cd from father when he died in Get your taxes done using TurboTax

will I have to pay taxes on cd from father when he died

lasoul — Tue, 10 Mar 2026 06:51:50 GMT

my father had a cd in my name when he died for $18,000. he is not on my birth cert so I will I have to pay taxes on it . will I get a 1099 on interest. I live in RI

Re: will I have to pay taxes on cd from father when he died

R-SchuleCPA — Wed, 16 Nov 2022 20:41:55 GMT

Yes, since the CD is in your name, along with a 1099. You will need to report interest on Schedule B of your tax return.