interest

[barbjuly1951]

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?

[Bsch4477]

It’s taxable unless held in a retirement account. 

[NanGreg85]

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.