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Level 1
January 21, 2025
Question

Do I need to include cd account

  • January 21, 2025
  • 2 replies
  • 15 views
No text available

    2 replies

    baldietax
    Level 12
    January 22, 2025

    if you mean do you need to include a Certificate of Deposit account in your taxes then yes if it paid interest in 2024 and you should receive a 1099-INT for it from your bank within next few weeks if not available already.

    Level 15
    January 22, 2025

    Yes, if the CD paid interest in 2024, you will need to include the interest you received from it.  Your bank should send you a 1099-INT by January 31st. If you do not receive one, you can check on their website to see if they are sending it digitally. 

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