topic When do you report a CD? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/when-do-you-report-a-cd/01/3638708#M1343968 <P>Hi. I have several CDs in a foreign institution in Spain. They all started in January 2024 and they all spanned into 2025 (January 2025 and July 2025). Most of the CDs had a maturity of 12 months, but a couple of them have a maturity of 18 months. They all only pay the interests at their maturity. I have checked with the bank and said I will not receive the equivalent of a 1099-INT until next year because in the eyes of the Spanish legislation that income belongs to the 2025 fiscal year.</P><P>I have been asking some people and they are all giving me different answers. I have read some parts of publication 550 and I am still confused.</P><P>When do I need to report that money here in the US? Is it the same rule here in the US and report all income in 2026? Is there a difference if the CD is 12 months or 18 months?</P><P>Thank you in advance for your help.</P> Tue, 08 Apr 2025 23:31:10 GMT Juancar 2025-04-08T23:31:10Z When do you report a CD? https://ttlc.intuit.com/community/taxes/discussion/when-do-you-report-a-cd/01/3638708#M1343968 <P>Hi. I have several CDs in a foreign institution in Spain. They all started in January 2024 and they all spanned into 2025 (January 2025 and July 2025). Most of the CDs had a maturity of 12 months, but a couple of them have a maturity of 18 months. They all only pay the interests at their maturity. I have checked with the bank and said I will not receive the equivalent of a 1099-INT until next year because in the eyes of the Spanish legislation that income belongs to the 2025 fiscal year.</P><P>I have been asking some people and they are all giving me different answers. I have read some parts of publication 550 and I am still confused.</P><P>When do I need to report that money here in the US? Is it the same rule here in the US and report all income in 2026? Is there a difference if the CD is 12 months or 18 months?</P><P>Thank you in advance for your help.</P> Tue, 08 Apr 2025 23:31:10 GMT https://ttlc.intuit.com/community/taxes/discussion/when-do-you-report-a-cd/01/3638708#M1343968 Juancar 2025-04-08T23:31:10Z