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For a CD that has a maturity time over a year, you'll get a 1099-INT through the course of the time period, reporting the interest earned in that year. You report the interest in the year you get the 1099 for.

2007-03-27 17:34:04 · answer #1 · answered by Judy 7 · 2 1

The interest will be claimed in the year you recieve it, hence 2007.

2007-03-27 16:02:53 · answer #2 · answered by Chris 3 · 1 1

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