I opened a 1-year CD in February 2018 and the interest is payable upon maturity in February 2019. The bank informed me I wouldn't get a 1099-INT until the CD matured. My question is: When is the interest reportable on my IRS Form 1040? On my 2018 Federal tax return OR on my 2019 return?
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It will be reported on your 2019 tax return. That is the year it is actually earned.
It will be reported on your 2019 tax return. That is the year it is actually earned.
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