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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?
‎January 21, 2024
9:32 AM