topic Reporting Accrued Interest On a CD that hasn't reached maturity in Investors & landlords

Reporting Accrued Interest On a CD that hasn't reached maturity

pamela_bates — Thu, 05 Feb 2026 20:49:04 GMT

I have a CD that doesn't mature for another 9 months. My understanding is that I am still liable this year for the interest that accrued for the 3 months in this year. But I will not get a 1099-int as the interest was not reported by the bank. Does the bank not have an obligation to provide me with the interest accrued as of 12/31 of this year so I can pay the taxes on it? Is there a form for doing so? Will I raise a red flag to the IRS if the 1099 for the next year includes this years amount but I will have already paid it?

Re: Reporting Accrued Interest On a CD that hasn't reached maturity

RobertB4444 — Thu, 05 Feb 2026 21:15:31 GMT

You have two options. You can take the accrued interest as you go and pay taxes as it is earned. You won't get a 1099 in the mail but you will be able to get the accrued interest from the statements. You need to track the amounts that you have paid tax on as you go and then when you do receive the 1099 when the CD matures you will subtract the interest that you already paid tax on from the amount shown on the 1099 and put the rest on the tax return.

However, because the interest on a CD isn't really yours until it matures then you can wait and report it all at once when you get the 1099. That makes the reporting easier but it doesn't split the tax bill.

Re: Reporting Accrued Interest On a CD that hasn't reached maturity

pamela_bates — Thu, 05 Feb 2026 22:27:52 GMT

Thanks Robert. That's what I thought. However there aren't any statements from which to get the accrued interest. While on the phone with the bank's representative today they told me I could get the interest as of today's date. I said, "that is of no help". You need to get me a year end statement. I now have to wait for it to be escalated to get that info. Flabbergasted. But I appreciate it so I will stick to my guns to get that info.