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Returning Member
posted Feb 18, 2024 1:36:43 PM

CD Early Withdrawal Penaly

How does TurboTax handle the Early Withdrawal Penalty shown in Box 2 on the 1099-Int?   In my case, the penalty was made in 2023 and was entered into TurboTax but I don't see it anywhere.

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1 Best answer
Level 15
Feb 18, 2024 1:58:49 PM

TurboTax includes the amount from box 2 of a Form 1099-INT on line 18 of Schedule 1.

1 Replies
Level 15
Feb 18, 2024 1:58:49 PM

TurboTax includes the amount from box 2 of a Form 1099-INT on line 18 of Schedule 1.