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February 18, 2024
Solved

CD Early Withdrawal Penaly

  • February 18, 2024
  • 1 reply
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How does TurboTax handle the Early Withdrawal Penalty shown in Box 2 on the 1099-Int?   In my case, the penalty was made in 2023 and was entered into TurboTax but I don't see it anywhere.

    Best answer by dmertz

    TurboTax includes the amount from box 2 of a Form 1099-INT on line 18 of Schedule 1.

    1 reply

    dmertzAnswer
    Employee
    February 18, 2024

    TurboTax includes the amount from box 2 of a Form 1099-INT on line 18 of Schedule 1.