answered
As it is an investment, this is not an expense, but an asset, treated the same way for accounting (and tax) purposes as cash in a bank account. Any interest earned on the GIC has to be reported as income.
As it is an investment, this is not an expense, but an asset, treated the same way for accounting (and tax) purposes as cash in a bank account. Any interest earned on the GIC has to be reported as income.
1a2435
New Member
joeftabah
New Member
taitongto2024
New Member
William108
New Member
raspberry44
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.