Retirement tax questions

No, you can access Box 2 on Form I099-INT and enter the early withdrawal penalty there.

1. Sign in to your TurboTax account and open or continue your return
2. Select Federal from the menu, then Wages & Income (this is called Income & Expenses in TurboTax Self-Employed)
3. Locate the section titled Investments & Savings and select Show More, then select Start or Revisitnext to Interest on 1099-INT
4. Select Yes on the screen Did you receive any investment income? then Continue
   • If you see the screen Your investments & savings or Here's your 1099-INT info, select Add investments or Add another 1099-INT, then Continue
5. On the next screen, select how you want to enter your Form 1099-INT:
   • If you want to import your form, search for your brokerage or financial institution. Sign in to your online account and select Get my form
   • If you want to upload a copy of your form or manually enter the info, select Enter a different way, and follow the instructions to enter your 1099-INT
   • Choose to type it in yourself

After you enter the interest in Box 1, check the box below that says "my form has info in other boxes". Box 2 will pop up and you can enter the early withdrawal penalty there.

@jgsss