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kms-6467
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Where do I put penalty for early savings withdrawal?

 
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1 Best answer

Accepted Solutions
Rachel_W
Expert Alumni

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)

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1 Reply
Rachel_W
Expert Alumni

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)
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