Get your taxes done using TurboTax

Yes, you would report the penalty even though they are not issuing a 1099-INT.  It's very important to keep your documentation should you need it later.  Use the following steps to enter your penalty.

• Search (upper right magnifier) > Type 1099int > Use the Jump to... link > Start or Review your entry for the penalty
• Be sure to enter the interest earned and the penalty for TurboTax to process the information