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twbuggie
Returning Member

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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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

CD Early Withdrawal Penaly

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

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1 Reply
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

CD Early Withdrawal Penaly

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

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