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Retirement tax questions
Enter an Early Withdrawal Penalty for a cd or savings account like you would enter a 1099Int and put the penalty in box 2. It goes under:
Federal Taxes tab
Wages & Income
Interest and Dividends
Interest on 1099INT - Click the Start or Update button
It is an adjustment to income. For 2022 the CD early withdrawal penalty goes on Schedule 1 line 18 which goes to 1040 line 10.
‎February 28, 2023
3:25 PM