1099-INT box 1 = 1167.10, box 2 = 835.62. Why does taxable interest not reflect the difference at 431.48

chchstrhuel — Thu, 06 Jun 2019 10:23:35 GMT

Your total interest from Box 1 of your 1099-INT is report...

IsabellaG — Thu, 06 Jun 2019 10:23:37 GMT

Your total interest from Box 1 of your 1099-INT is reported in full on line 8a of your tax return (Form 1040). Your early withdrawal penalty is deducted on line 30 of your tax return. I entered the same figures as you in TurboTax. See the screenshots below, especially where this shows on your 1040.

To preview your tax return:

Go to My Account at the top of your screen.
Choose Tools.
In the Tools Center, choose View Tax Summary.(see screenshot)
In the Tax Summary, choose Preview My 1040. (see screenshot)

topic 1099-INT box 1 = 1167.10, box 2 = 835.62. Why does taxable interest not reflect the difference at 431.48 in Get your taxes done using TurboTax

1099-INT box 1 = 1167.10, box 2 = 835.62. Why does taxable interest not reflect the difference at 431.48

Your total interest from Box 1 of your 1099-INT is report...