Enter an early withdrawal penalty

You can enter the early withdrawal penalty amount reported on Form 1099-INT in the following screens.
  • Income
    screen and
    K1-2
    screen: Enter the early withdrawal penalty amount on the
    Income
    screen in the
    Interest income (including foreign source)
    statement, or the
    K1-2
    screen in the
    Penalty for early withdrawal
    field. The penalty amount allocates directly against the Interest income category on the Allocation of Expenses by Income Type Worksheets.
  • Deduct
    screen: Enter the early withdrawal penalty on the
    Deduct
    screen in the
    Other deductions
    field. The penalty amount allocates directly or indirectly to the income categories on the Allocation of Expenses by Income Types Worksheets.
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