Multiple GICs

I have multiple GICs from the same bank. When declaring the interest can I lump them all together as one lump sum interest earned or do I have to list them separately? I did receive separate NR-4s for each GIC.

posted

Yes, you can report all of the interest income as one entry.

**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 multiple options with the same cost basis. Is there a way to update the cost basis for all of them at once in TurboTax rather than entering them individually?

in State tax filing

Expert does your taxes

Do it yourself

Resources

Support

Multiple GICs

Multiple GICs

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Multiple GICs

Do you have an Intuit account?

Multiple GICs

Unlock tailored help options in your account.

Get more help

Related Content