To enter your early withdrawal penalty (Form 1099-INT box 2 amount) in TurboTax Online:
- Select Tax Home in the left pane
- On the Hi, let's keep working on your taxes! screen, select the dropdown on the right side of the Income & Expenses box, then select Start, Continue, Review/Edit or Pick up where you left off
- Scroll down and select the Show more dropdown to the right of Investments & Savings
- Select Start or Revisit to the right of Interest on 1099-INT
- Select Yes on the Did you receive any investment income? screen, then select Continue
- If you see either the Your investments & savings or Here's your 1099-INT info screen or Let’s finish pulling in your investment income screen, select Add investments or Add another 1099-INT as appropriate, then select Continue
- On the next screen, choose how to enter your Form 1099-INT data
- To import your form, search for your brokerage or financial institution. Sign in to your online account and select Get my form
- 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
- On the Let's get the info from your 1099-INT screen, select the box next to My form has info in other boxes (this is uncommon). Enter your Box 2 amount in the Box 2 - Early withdrawal penalty field, then select Continue
- On the Do any of these uncommon situations apply? screen, check whichever box is appropriate, then Continue
