How can I add a penalty I received in my 1099-Interest form, box 2. The penalty was added because it was part of identity theft?
I was charged a penalty on a 2024 CD interest form that was withdrawn early last year because of identity theft. Can you help me with instructions to find Form schedule1, line 17?
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1 Best answer
VolvoGirl
Level 15
Mar 9, 2025 8:56:38 PM
Just enter it in box 2 when you enter the 1099INT. Couldn't you find box 2? You have to check the box below box 1 that says "My form has info in more than just box 1." That's all you do. It will automatically go to Schedule 1 line 18.
1 Replies
VolvoGirl
Level 15
Mar 9, 2025 8:56:38 PM
Just enter it in box 2 when you enter the 1099INT. Couldn't you find box 2? You have to check the box below box 1 that says "My form has info in more than just box 1." That's all you do. It will automatically go to Schedule 1 line 18.