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March 17, 2024
Solved

How do I claim Penalty on early withdrawal of savings in TurboTax. I purchased TurboTax Premier and installed it on my PC, and I can't find it.

  • March 17, 2024
  • 1 reply
  • 0 views
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Best answer by VolvoGirl

It should be in box 2 on your 1099INT.

Enter a 1099-Int  under

Federal Taxes or Personal (for Home & Business)

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start, Revisit Or Update button

 

Don't enter the bank or broker name and don't try to import it.  It is just as fast and easy to manually enter it.  At the bottom pick -  Change How I enter my Form

Then on the next screen pick I'll Type it in Myself

 

You need to check the little box that says my form has more boxes and box 2 will open up for you to enter the amount

 

 

 

1 reply

VolvoGirl
VolvoGirlAnswer
Employee
March 18, 2024

It should be in box 2 on your 1099INT.

Enter a 1099-Int  under

Federal Taxes or Personal (for Home & Business)

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start, Revisit Or Update button

 

Don't enter the bank or broker name and don't try to import it.  It is just as fast and easy to manually enter it.  At the bottom pick -  Change How I enter my Form

Then on the next screen pick I'll Type it in Myself

 

You need to check the little box that says my form has more boxes and box 2 will open up for you to enter the amount