Interest on CD’s
If you are rolling over your CD including interest earned…. Do you have to report that interest when filing your income tax? If yes, does the bank send you the statement for filing .
Thank you
Terry Says
Yes, if it’s a bank account, you will receive a 1099 detailing interest earned during the year. But if it’s Treasury Bill, you have to log into your TreasuryDirect account, check the message box for the message that will lead you to your 1099 form, which you can print out.
