What category do I claim $501.70 earned from a 15-month CD? I know it's a 1099 INT. Also have $10.35 interest paid or credit (doesn't specify) from IRS
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
What category do I claim $501.70 earned from a 15-month CD? I know it's a 1099 INT. Also have $10.35 interest paid or credit (doesn't specify) from IRS
What category do I claim $501.70 earned from a 15-month CD? I know it's a 1099 INT. Also have $10.35 interest paid or credit (doesn't specify) from IRS
You only enter interest that is reported to you on a 1099INT. You won't pay tax on interest until the CD is cashed in.
**Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"