In 2024 I closed a CD early. This is reflected on the 1099-INT from my bank: E.g. Box 1 Interest Earned: $10,000. Box 2 Early withdrawal penalty: $1000. This is how I entered it in TurboTax Form 1099-INT. This is correctly reflected on the TurboTax Schedule B form in the Interest Income Smart Worksheet. However, further down the Sch. B form in the Part 1-Interest section, the interest shows as $10,000. I would expect to see the penalty subtracted here for a net interest of $9000. I cannot locate this penalty deduction anywhere else in TT. What am I missing?
