Enter an early withdrawal penalty
You can enter the early withdrawal penalty amount reported on Form 1099-INT in the following screens.
- Incomescreen andK1-2screen: Enter the early withdrawal penalty amount on theIncomescreen in theInterest income (including foreign source)statement, or theK1-2screen in thePenalty for early withdrawalfield. The penalty amount allocates directly against the Interest income category on the Allocation of Expenses by Income Type Worksheets.
- Deductscreen: Enter the early withdrawal penalty on theDeductscreen in theOther deductionsfield. The penalty amount allocates directly or indirectly to the income categories on the Allocation of Expenses by Income Types Worksheets.
