topic On Sch 1, line 18 Penalty on early withdrawal of savings, it is 155. I have no idea where TT gets the number from since I don't have any early withdraw. any idea? thanks in Retirement tax questions

On Sch 1, line 18 Penalty on early withdrawal of savings, it is 155. I have no idea where TT gets the number from since I don't have any early withdraw. any idea? thanks

dolphine1234 — Mon, 23 Feb 2026 12:12:01 GMT

Could you please point me to where the number is from so can I fix it?

Re: On Sch 1, line 18 Penalty on early withdrawal of savings, it is 155. I have no idea where TT gets the number from since I don't have any early withdraw. any idea? thanks

Bsch4477 — Sat, 18 Feb 2023 20:54:59 GMT

Look at your 1099-INT Box 2.

Re: On Sch 1, line 18 Penalty on early withdrawal of savings, it is 155. I have no idea where TT gets the number from since I don't have any early withdraw. any idea? thanks

VolvoGirl — Sat, 18 Feb 2023 20:59:25 GMT

And if you have an amount on Schedule 1 line 18 that is a good thing. It's not a penalty on your tax return. It's a interest penalty you paid (lost) when you cashed in a CD early at the bank. You get to subtract it off your tax return. It comes from 1099 INT box 2.

Re: On Sch 1, line 18 Penalty on early withdrawal of savings, it is 155. I have no idea where TT gets the number from since I don't have any early withdraw. any idea? thanks

dolphine1234 — Sat, 18 Feb 2023 21:01:04 GMT

Thanks. yes, I had a CD early withdraw penalty.