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And if you have an amount on Schedule 1 line 18 that is a good thing. It's not a penalty on your tax return. It's a interest penalty you paid (lost) when you cashed in a CD early at the bank. You get to subtract it off your tax return. It comes from 1099 INT box 2.
Look at your 1099-INT Box 2.
And if you have an amount on Schedule 1 line 18 that is a good thing. It's not a penalty on your tax return. It's a interest penalty you paid (lost) when you cashed in a CD early at the bank. You get to subtract it off your tax return. It comes from 1099 INT box 2.
Thanks. yes, I had a CD early withdraw penalty.
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