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Author: rkmacdonald Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore)
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Subject: Simple CD Interest Question
Date: 5/16/2000 4:41 PM
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How is the interest earned on a CD taxed? Are the taxes deferred until the CD is cashed, or do you have to pay each year?

-rkm
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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Answer Team Add to my Favorite Fools Ignore this person (you won't see their posts anymore)
Number: 672 of 36183
Subject: Re: Simple CD Interest Question
Date: 5/17/2000 10:26 AM
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In most cases bank sends you a 1099 each year, so taxes are due in the year the income is credited to your account.
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