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March 10, 2025
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How can I add a penalty I received in my 1099-Interest form, box 2. The penalty was added because it was part of identity theft?

  • March 10, 2025
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I was charged a penalty on a 2024 CD interest form that was withdrawn early last year because of identity theft. Can you help me with instructions to find Form schedule1, line 17?
    Best answer by VolvoGirl

    Just enter it in box 2 when you enter the 1099INT.  Couldn't you find box 2?   You have to check the box below box 1 that says "My form has info in more than just box 1."  That's all you do.  It will automatically go to Schedule 1 line 18.  

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Employee
    March 10, 2025

    Just enter it in box 2 when you enter the 1099INT.  Couldn't you find box 2?   You have to check the box below box 1 that says "My form has info in more than just box 1."  That's all you do.  It will automatically go to Schedule 1 line 18.