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On Sch 1, line 18 Penalty on early withdrawal of savings, it is 155. I have no idea where TT gets the number from since I don't have any early withdraw. any idea? thanks

Could you please point me  to where the number is from so can I fix it?
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On Sch 1, line 18 Penalty on early withdrawal of savings, it is 155. I have no idea where TT gets the number from since I don't have any early withdraw. any idea? thanks

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.  

 

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On Sch 1, line 18 Penalty on early withdrawal of savings, it is 155. I have no idea where TT gets the number from since I don't have any early withdraw. any idea? thanks

Look at your 1099-INT Box 2. 

On Sch 1, line 18 Penalty on early withdrawal of savings, it is 155. I have no idea where TT gets the number from since I don't have any early withdraw. any idea? thanks

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.  

 

On Sch 1, line 18 Penalty on early withdrawal of savings, it is 155. I have no idea where TT gets the number from since I don't have any early withdraw. any idea? thanks

Thanks. yes, I had a CD early withdraw penalty. 

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