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January 24, 2025
Question

Where do I deduct the penalty for early withdrawal on my certificate of deposit

  • January 24, 2025
  • 1 reply
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    1 reply

    January 27, 2025

    When you enter your 1099-INT, check the box that says "My form has info in other boxes (this is uncommon)". You'll see additional 1099-INT boxes appear on screen. Enter the early withdrawal penalty from your 1099-INT in box 2 in TurboTax.