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]

Is earlly withdrawal penalty on a CD for a trust deductable?  If so, what line on the 1041?

[Anonymous_]

---

@larry11426 wrote:
Is earlly withdrawal penalty on a CD for a trust deductable?

---

Yes. 

---

@larry11426 wrote:
If so, what line on the 1041?

---

Line 15a.