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New Jersey Forfeiture Penalty for Early Withdrawal

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New Jersey Forfeiture Penalty for Early Withdrawal

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Forfeiture Penalty for Early Withdrawal.
 If you incur a penalty by withdrawing a time deposit early, you may subtract the amount of the penalty from your interest income.
 If your taxable interest income is more than $1,500, enclose a copy of Schedule B, Federal Form 1040, or Schedule 1, Federal Form 1040A.


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Views: 264 Created on: Jun 15, 2013
Date updated: Sep 10, 2015
Posted in: STATES, New Jersey

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