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E
ercastro
March 4, 2025
Question

where do I put an early withdrawal penalty

  • March 4, 2025
  • 1 reply
  • 0 views
how do I report a withdrawal penalty if its on the same Form 1099-INT as interest income

    1 reply

    T
    ThomasM125
    March 4, 2025

    When you enter the Form 1099-INT, you need to check the box that says My form has info in other boxes (this is uncommon), then you will see the box 2 where you can enter the early withdrawal penalty:

     

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