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If I close a brokerage account and invest the amount in a certificate of deposit (CD), am I required to report the proceeds as income when I file my taxes?

If I close a brokerage account and invest the amount in a certificate of deposit (CD), am I required to report the proceeds as income when I file my taxes?

Banking, Personal Finance, Investing, Taxes
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April 2018

Hello 

    Yes you will. You will need to report the gain or lose on the sale of the assets on your income tax form Schedule D. 

Kimberly J. Howard, CFP 

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