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ashleytim2
Level 1
Jan 29, 2026 10:07 PM UTC
Question

CD’s

Can get a deduction on my CD’s?

    1 reply

    AmyC
    AmyC
    Alumni - Intuit
    Jan 29, 2026 10:29 PM UTC

    CD deductions:

    • If you mean early withdrawal fees on a CD, those will be reported in box 2 of Form 1099-INT and the program will deduct them for you -unless it was inside an IRA, then it isn't deductible.
    • If you mean that you donated CDs to a qualified charity, you may qualify for a charity donation.

    If you meant something else, please reply back with more information.

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