turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I have interest from a High-Yield savings and a CD from the same bank.1099-INT only shows the High Yield savings interest. Do I add the CD interest to this?

Or should I create a new entry?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
HelenC12
Expert Alumni

I have interest from a High-Yield savings and a CD from the same bank.1099-INT only shows the High Yield savings interest. Do I add the CD interest to this?

No, don't add the CD interest to your 1099-INT form or create a new entry. See the suggestions below:

  • Your bank should give you a separate 1099-INT form if it's not on your high yield savings account 1099-INT form.
  • Verify the year that you received the CD interest. Generally, the CD interest is paid at the end of the CD term. Perhaps that interest was not paid until 2023.
  • Check your CD interest account on your bank's online webpage. You may be able to print a copy of your 1099-INT CD interest.
  • Contact your bank to see how you can access your 2022 1099-INT Form for your CD interest.

If you can verify that you in fact received that interest in 2022, create a new 1099-INT for the CD interest. To enter your 1099-INT form, click here.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I have interest from a High-Yield savings and a CD from the same bank.1099-INT only shows the High Yield savings interest. Do I add the CD interest to this?

contact the bank to find out why no 1099-INT on cd.

I have interest from a High-Yield savings and a CD from the same bank.1099-INT only shows the High Yield savings interest. Do I add the CD interest to this?

Thanks all. I already know why I did not receive a 1099-INT for the CD - I had less than $10 in interest for it. I will go ahead and create a separate entry in turbo tax, using the sum of the interest from my CD as reported in my 2022 statements.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question