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barbjuly1951
New Member

interest

if i have interest from a merrill lynch account and it is still in account is it taxable

or is it only taxable as a income when i take it out?

2 Replies
Bsch4477
Level 15

interest

It’s taxable unless held in a retirement account. 

NanGreg85
Level 2

interest

You should have received a Merrill Lynch 1099 Tax and Year-End Statement for 2020. The 1099-INT box will show interest income that is taxable.

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