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Mike7300
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Do I owe state tax on a Certificate of Deposit that I held for 6 months, or only federal tax?

 
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‎June 6, 2019 12:35 AM
last updated ‎June 06, 2019 12:35 AM
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SweetieJean
Level 15

Do I owe state tax on a Certificate of Deposit that I held for 6 months, or only federal tax?

You owe Federal and State tax on the interest paid or credited on the CD.

‎June 6, 2019 12:35 AM
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