Foreign bank CDs taxable in which year?

[beelzy]

I moved a lot of money out of my US bank accounts last year and into CDs at foreign bank accounts in the country where I've been residing. I got a variety of CDs --one month, six month, and one year. This bank does not give you a statement of interest that you earned in a calendar year so I have to figure it out for myself.

How do I determine what interest from my longer CDs is taxable in 2006? My one year CD spanned 2006-2007 and has not matured yet. Do I calculate the interest that it earned in 2006 and declare that on my 2006 return, with the portion earned in 2007 declared on my 2007 return? Or is 100% of the interest declared on my 2007 return because that's when the CD matures?

I should point out that bank interest is not taxable in the country I'm in, but I assume that it IS taxable in the US since I'm a US citizen.

Thanks for any help.

[beelzy]

Is this question really so difficult? I would greatly appreciate it if somebody would either answer, or explain why this question is hard to answer. I'm going nuts with Apr. 15 approaching! thanks.