Skip to main content
March 15, 2024
Solved

A measly $20 early withdrawal penalty is requiring upgrade to Deluxe?

  • March 15, 2024
  • 1 reply
  • 0 views

Withdrew funds to pay for student loan.  Do I need to upgrade to Deluxe, which will end up costing me over $100 rather than the measly $20 penalty?  Is there a way to still file with the free version?

    Best answer by VolvoGirl

    Oh was it like a withdrawal from a CD?  Is the amount in 1099INT box 2?  Just leave box 2 blank.

    1 reply

    March 15, 2024

    you don't  have to deduct the penalty

    VolvoGirl
    Employee
    March 15, 2024

    @Mike9241   How would you eliminate the penalty on a 1099R?

    Employee
    March 15, 2024

    Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site

     

    https://apps.irs.gov/app/freeFile/

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**