If a CD was cashed in do i have to file income taxes?

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1085212

2026-03-16 05:40

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Only the interest from the CD is considered taxable income.

The money you deposited and got back is not.

The bank should send you a Form 1099-INT each year telling you how much interest is taxable. Enter the interest from your Form 1099-INT on your tax return.

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