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A taxpayer cashes in a certificate of deposit early and incurs a penalty. Where is the penalty deducted from income?

A taxpayer cashes in a certificate of deposit early and incurs a penalty. Where is the penalty deducted from income?
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3 votes
A taxpayer cashes in a certificate of deposit early and incurs a penalty. Where is the penalty deducted from income?

asked
User Shmuelp
by
8.4k points

1 Answer

3 votes

Answer:

this question is incorrect.

Step-by-step explanation:

  • if u pay early an incentive should be given.
answered
User Shihab Uddin
by
8.8k points
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