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Author: wyowind Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Interest On CD' Date: 2/7/2001 11:42 PM
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Read all the post and did not find out if the taxes due on a bank cd is the maturity date of the CD or if in the case of a CD running from one year to the other is a guess of the amount due earned in the year before the CD matures.

My bank has done it both ways re their 1099's. I thought I had found the answer to this last year, but I have been unsecessful to find the current rule. I tried to find it at irs/gov but I am lost.

This year they did not include the unrealized interest and I am wondering if I should try to get them to include it.
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