mlbrenne1
New Member

Penalty on Early Withdrawal of Savings

Why does the TurboTax desktop software for 2023 add the penalty from Form 1099-INT to taxable income? After inputting the penalty from the 1099-INT, the amount is positive and gets added to taxable income, not subtracted. Further, you can't make the figure a negative value when inputting either. Is this a software error?