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Do you declare a certificate of deposit as income on taxes or just the interest earned?

April 26, 2017Certificate of Deposit declare earned income taxes

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Do you declare a certificate of deposit as income on taxes or just the interest earned?

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The bank should send you a Form 1099-INT every year to show how much you have to declare. If you don’t receive one by the middle of February, contact the bank and ask. Also be sure to give them your new address if you move, even if you closed the account.