I had an adjustment to income that I can see on the overview of my 1040. It says adjustment to income from Schedule 1, line 26 of $168.00. That amount appears on Part II, Adjustments to Income, Line 16 and is a penalty on early withdrawal of savings. This is correct as reported on a1099 Interest form I received from my bank.
If this is the what is causing TT to have me fill out an explanation statement for form 1116, should I state that the explanation is the early withdrawal penalty?
Thanks for your help.
