Retirement tax questions

Hi, Linda,

 

Thank you very much for your response and detailed instructions.  I did find the adjustment for the early withdrawal penalty on CD. 

 

Regarding interest expense on a promissory note, I entered that interest in Schedule B - Interest and Ordinary Dividend.  I entered the wire fee in line 5 of 1099 Int worksheet.  I now realized that the 1099 Int I received didn't have this entry.  Schedule C is for business income but I don't own the business.  I lent some money to a friend's small business and she paid me interest on the loan.  The wire fee incurred when I wired out the loan amount. 

 

Thank you!