i withdrew an ira cd early and paid an early withdrawal penalty, is this deductible, if so where?
You'll need to sign in or create an account to connect with an expert.
Generating an early withdrawal penalty by taking money out of an IRA CD is not deductible. It would just reduce the amount of money that is available in the future when you are ready to retire. (Edited 2/13/19 11:53 pm)
Generating an early withdrawal penalty by taking money out of an IRA CD is not deductible. It would just reduce the amount of money that is available in the future when you are ready to retire. (Edited 2/13/19 11:53 pm)
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
kennon1967
Returning Member
77aa3cb72278
New Member
walsung
Level 1
mrwiener01
Level 1
link888888
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.