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If a taxpayer withdraws his or her deposit on a CD before the instrument matures, the penalty for the early withdrawal on interest will be

image text in transcribedIf a taxpayer withdraws his or her deposit on a CD before the instrument matures, the penalty for the early withdrawal on interest will be reported by the financial institution: Multiple Choice On Form EWIP. In Box 2 of Form 1099-INT. In a letter of notification. None of these.

If a taxpayer withdraws his or her deposit on a CD before the instrument matures, the penalty for the early withdrawal on interest will be reported by the financial institution: Multiple Choice On Form EWIP. In Box 2 of Form 1099-INT. O In a letter of notification. None of these

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