Question

Do I need to report the interest if I cashed in a CD? I didn't receive anything from the bank regarding my CD.

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Yes, all income, even if it is not reported by the payer, should be reported on your tax return.

The bank is not required to send a form if the amount is less than $10.

You can find the amount of interest that your bank paid on your year end statement.

You can report that as if you got a 1099-INT Just put the bank name as the payer and put the interest in Box 1.

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