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New Member
posted Mar 8, 2025 9:08:58 AM

How do I report Certificates of Deposit? My broker includes them on 1099-B but Turbo Tax does not include options needed to report. Interest on 1099-INT

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1 Replies
Expert Alumni
Mar 8, 2025 9:21:43 AM

Report the certificate of deposit by selecting 'Bond'. It is treated like a bond redemption and will have the same affect on your tax return. It's likely you have the same cost basis as redemption value since you would have reported the interest income each year as it was earned from your certificate of deposit.

 

Both of the links below will walk you through the entry if you need assistance.