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Level 1
posted Feb 7, 2025 8:34:18 AM

Is CD interest amount entered by month applied to account or at maturity when calculating quarterly income for "Annualized Adjusted Gross Income".

I ask this since the interest is not available without penalty until maturity.

0 1 1673
1 Replies
Expert Alumni
Feb 7, 2025 10:19:56 AM

You don't count the income until it is actual income, when matured, not while accruing.