FORM 1099 INT, DO I need to report interest income from my CDs?

[Gordon9]

Yes, you will need to report Form 1099 INT on your tax return.

[ToddL99]

If you received a Form 1099-INT, then you need to report the interest - even if it came from a CD where the interest remains in the CD account and compounds.

[jbourvic]

All interest earned during the year is taxable for that year, whether or not you received a 1099-INT from the financial institution. A financial institution is only required to issue a 1099-INT if the amount of interest is equal to or greater than $10.00. The only exception to this is for US Savings Bonds. You can report the interest earned annually or at redemption.