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Early Withdrawl Penalty
As stated in a previous question, I got a 1099 INT for my cd for year 2023. However, I redeemed redeemed and withdraw the amount before it mature. I redeemed it in late December 2023 . My question is can I deduct the interest penalty for 2023 as they took out almost 3 months of last year interest (2023) with the amount that I got back. My 1099 Int for 2023 shows the penalty on line 2 but I cannot see where I can show this penalty on the TurboTax instructions.
March 9, 2024
1:19 PM