Can i differ interest earned in 2008 on a CD and receive a 1099 for 2009?

Question

In other words, is there any way i can open a 7 mo term cd this month, and when it matures sometime in February claim the interest earned in 2009 opposed to 2008...

Answer 1

No.

Answer 2

You can only do this with a ZERO COUPON bond.

You'll have to pay taxes on the interest for the time it occurred in such calendar year.

Note: Unlike bank CD's, US Treasury Notes and US Treasury Bonds are federally tax free. Interest will be lower because of the Gov guarantee and no fed income tax.

Answer 3

Nope.  Here is a similar question!

http://www.bankrate.com/brm/news/DrDon/2...