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New Member
posted Jun 6, 2019 12:56:37 AM

Where do I claim early withdrawal penalty on certificate of deposit which I cashed before maturity?

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1 Best answer
Level 15
Jun 6, 2019 12:56:38 AM

Made you a screen shot.  You have to click the little box to  open more boxes.  The early withdrawal penalty goes in box 2.

2 Replies
Level 15
Jun 6, 2019 12:56:38 AM

Made you a screen shot.  You have to click the little box to  open more boxes.  The early withdrawal penalty goes in box 2.

Level 15
Jun 6, 2019 12:56:42 AM

Enter an Early Withdrawal Penalty for a cd or savings account like you would enter a 1099Int and put the penalty in box 2.  It goes under:
Federal Taxes tab
Wages & Income
Interest and Dividends
Interest on 1099INT - Click the Start or Update button

You might have to click on show more boxes.