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early withdrawal penalty on my cd
hello,
I got 1099 INT for my cd for year 2023. However, I redeemed and withdraw the amount before it matures this early of 2024. My question is can I deduct the interest penalty for 2023 as they took out almost 6 months of last year interest (2023) with the amount that I got back. Please help. My 1099 Int for 2023 does not show the penalty for early withdrawal.
Thank you
‎February 5, 2024
7:19 PM