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Retirement tax questions
Thank you for your quick response.🙂
The problem is that
I feel uncomfortable reporting this on the return as an entry coming from Box 2 on the 1099-int form when it says 0. I thought there was another place I could make the entry. The bank says they don't report early withdrawal penalties.
I am certain of the early withdrawal penalty amount. I reviewed all the accrued interest from the bank by reviewing all my statements and the total matched what was on the 1099-int. The penalty amount was one withdrawal which showed an additional amount as the penalty.
‎February 6, 2025
5:49 PM