Multiple Choice Question Izzy ran into a cash shortfall and had to cash in a certificate of deposit early. She incurred a $50 penalty for early withdrawal. As a result, Izzy O can deduct the $50 as a "for" AGI deduction O can deduct the $50 from any interest income reported for tax purposes O cannot deduct the $50 penalty because penalties are nondeductible can only deduct the $50 as an investment expense if she itemizes deductions Need help? Review these concept resources. Read About the Concept Rate your confidence to submit your answer. High Medium Low Reading 8:5 Q Search 9/8