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I closed a trust CD and immediately reinvested it in a higher yield account. The 1099 lists an early withdrawal penalty. Is the penalty deductable?
larry11426
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I closed a trust CD and immediately reinvested it in a higher yield account. The 1099 lists an early withdrawal penalty. Is the penalty deductable?
Is earlly withdrawal penalty on a CD for a trust deductable? If so, what line on the 1041?
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TurboTax Deluxe Online
‎April 12, 2023
4:21 PM
