20.A taxpayer certificate of deposit that was set to mature the end of next year is needed for a down payment on their residence the taxpayer decided to cash out the certificate of deposit now is the following scenario accurate.   A. The taxpayer must report their total amount of interest and can deduct the penalty on their tax return.    B. The total interest income of $1,600 and a taxpayer early withdrawal penalty is $300 the taxpayer net the two amount together and report $1300 interest on a schedule B.    C. Both the total interest amount in the early withdrawal penalties are reported to the taxpayer on form 1099-INT.