topic Howw do I deduct early withdrawal penalty on a CD that was closed? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/howw-do-i-deduct-early-withdrawal-penalty-on-a-cd-that-was-closed/01/3158838#M209122 Form 1040 Schedule 1, Part II, Line 18 allows this deduction. How do I add it to my return on TurboTax? Wed, 11 Feb 2026 04:50:20 GMT crm1017 2026-02-11T04:50:20Z Howw do I deduct early withdrawal penalty on a CD that was closed? https://ttlc.intuit.com/community/retirement/discussion/howw-do-i-deduct-early-withdrawal-penalty-on-a-cd-that-was-closed/01/3158838#M209122 Form 1040 Schedule 1, Part II, Line 18 allows this deduction. How do I add it to my return on TurboTax? Wed, 11 Feb 2026 04:50:20 GMT https://ttlc.intuit.com/community/retirement/discussion/howw-do-i-deduct-early-withdrawal-penalty-on-a-cd-that-was-closed/01/3158838#M209122 crm1017 2026-02-11T04:50:20Z Re: Howw do I deduct early withdrawal penalty on a CD that was closed? https://ttlc.intuit.com/community/retirement/discussion/re-howw-do-i-deduct-early-withdrawal-penalty-on-a-cd-that-was-closed/01/3158845#M209123 <P>You enter it from the 1099INT you get from the bank.&nbsp; It should be in box 2.&nbsp; &nbsp; Did you get the 1099 yet?&nbsp;&nbsp;</P> Thu, 01 Feb 2024 16:47:49 GMT https://ttlc.intuit.com/community/retirement/discussion/re-howw-do-i-deduct-early-withdrawal-penalty-on-a-cd-that-was-closed/01/3158845#M209123 VolvoGirl 2024-02-01T16:47:49Z Re: Howw do I deduct early withdrawal penalty on a CD that was closed? https://ttlc.intuit.com/community/retirement/discussion/re-howw-do-i-deduct-early-withdrawal-penalty-on-a-cd-that-was-closed/01/3158863#M209127 <P><SPAN style="font-size:14px;">When you enter the 1099-INT in TurboTax,</SPAN></P> <OL> <LI><SPAN style="font-size:14px;">&nbsp;check the box below box 1 that says "My form has info in more than just box 1."</SPAN></LI> <LI><SPAN style="font-size:14px;">&nbsp;Enter the early withdrawal penalty in box 2.</SPAN></LI> </OL> Thu, 01 Feb 2024 16:43:44 GMT https://ttlc.intuit.com/community/retirement/discussion/re-howw-do-i-deduct-early-withdrawal-penalty-on-a-cd-that-was-closed/01/3158863#M209127 MayaD 2024-02-01T16:43:44Z