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I got a 1099-INT with interest income listed. But, we have it set to automatically roll over into the next year. We have not cashed it out. Do I still claim this as $$?

 
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I got a 1099-INT with interest income listed. But, we have it set to automatically roll over into the next year. We have not cashed it out. Do I still claim this as $$?

If the interest earned is outside of a tax deferred retirement account then the interest is taxable income and has to be reported on your tax return.

I got a 1099-INT with interest income listed. But, we have it set to automatically roll over into the next year. We have not cashed it out. Do I still claim this as $$?

many securities including CDs. most treasury obligations and other types of interest-bearing securities require that interest be reported annually even if not cash in and also when rolled over into another security.  E-bonds and I-bonds allow deferral of interest until they mature or are cashed in. 

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