Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
kms-6467
New Member

Where do I put penalty for early savings withdrawal?

 
1 Best answer

Accepted Solutions
Rachel_W
Level 4

Where do I put penalty for early savings withdrawal?

Please follow these instructions to enter all of the information from your Form 1099-INT, including the early savings withdrawal penalty:

  • Sign In to TurboTax Online
  • Click "Take Me to my Return"
  • Click "Federal" from the left side of your screen
  • Scroll down and click "Edit/Add" next to "Interest on 1099-INT"
  • Click "Edit" or "Delete" next to the Form 1099-INT that has the penalty
  • Click the box "My form has more info than just Box 1"
  • From here, the rest of the boxes on Form 1099-INT pop up so that you can enter your penalty (Click on screenshot below for reference)

View solution in original post

1 Reply
Rachel_W
Level 4

Where do I put penalty for early savings withdrawal?

Please follow these instructions to enter all of the information from your Form 1099-INT, including the early savings withdrawal penalty:

  • Sign In to TurboTax Online
  • Click "Take Me to my Return"
  • Click "Federal" from the left side of your screen
  • Scroll down and click "Edit/Add" next to "Interest on 1099-INT"
  • Click "Edit" or "Delete" next to the Form 1099-INT that has the penalty
  • Click the box "My form has more info than just Box 1"
  • From here, the rest of the boxes on Form 1099-INT pop up so that you can enter your penalty (Click on screenshot below for reference)
Dynamic AdsDynamic Ads
Privacy Settings
v