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juliereyna3
Level 1
January 21, 2025
Question

Do I need to include cd account

No text available

    2 replies

    baldietax
    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.

    Vanessa A
    Alumni - Intuit
    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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