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February 18, 2025
Question

Is interest income on CDs taxable if I roll them over. Not withdraw?

  • February 18, 2025
  • 1 reply
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Is Earned interest on CDs taxable if rolled over?

    1 reply

    SusanY1
    February 18, 2025

    Yes, interest on CDs that are rolled over is taxable in the year that it is credited to the account - unless the CDs are retirement account/IRA CDs.  

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    February 18, 2025

    Thank you much!