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Ricajote
New Member

Where do I deduct the penalty for early withdrawal on my certificate of deposit

 
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KeshaH
Employee Tax Expert

Where do I deduct the penalty for early withdrawal on my certificate of deposit

When you enter your 1099-INT, check the box that says "My form has info in other boxes (this is uncommon)". You'll see additional 1099-INT boxes appear on screen. Enter the early withdrawal penalty from your 1099-INT in box 2 in TurboTax. 

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