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Office of Financial Aid Room U201 P: 718.368.4644 F: 718.368.4656 finaid@kbcc.cuny.eduKingsborough Community College Of The City University of New York 2001 Oriental Boulevard Brooklyn, New York 11235ASSET
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Cash savings and checking typically refer to the money held in savings accounts and checking accounts at a bank or financial institution.
Individuals who earn interest or have a balance in their cash savings and checking accounts may be required to report this information on their tax returns.
To fill out cash savings and checking on your tax return, you will typically need to report the amount of interest earned and the total balance in these accounts.
The purpose of cash savings and checking is to provide individuals with a safe and convenient way to store their money, earn interest, and make transactions.
The information that must be reported on cash savings and checking includes the amount of interest earned, the total balance in the accounts, and any other relevant financial details.
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