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New Member
posted Jan 29, 2026 2:07:21 PM

CD’s

Can get a deduction on my CD’s?

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1 Replies
Employee Tax Expert
Jan 29, 2026 2:29:22 PM

CD deductions:

  • If you mean early withdrawal fees on a CD, those will be reported in box 2 of Form 1099-INT and the program will deduct them for you -unless it was inside an IRA, then it isn't deductible.
  • If you mean that you donated CDs to a qualified charity, you may qualify for a charity donation.

If you meant something else, please reply back with more information.