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Level 1
posted Feb 22, 2024 5:11:02 PM

How do you report your interest income from multiple accounts in the same bank?

I have 12 CD accounts opened at the same online bank and in past years, I created and reported 12 entries in TurboTax. This year, it just crossed my mind since it is the same bank, can I just create and report 1 entry in TurboTax (with the total interests of the 12 CD accounts reported)? Thanks.

BTW, I have to enter them manually because this online bank is not defined for import in TurboTax.

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2 Replies
Level 15
Feb 22, 2024 5:22:46 PM

Q. Can I just create and report 1 entry in TurboTax (with the total interests of the 12 CD accounts reported)?

A. Yes.

Level 1
Feb 22, 2024 5:31:50 PM

Thank you.