Schedule 1, Line 18 - Penalty on Early Withdrawal of Savings
- Penalties for early withdrawal are normally reported on Form 1099-INT; they are entered in TaxSlayer as part of the normal process of entering a Form 1099-INT, as described on page 32.
- In some unusual circumstances, the taxpayer may have paid an early-withdrawal penalty that wasn’t reported on a Form 1099-INT; enter this penalty on the Early Withdrawal Deduction page [Deductions > Adjustments > Penalty on Early Withdrawal of Savings or CD].
Created with the Personal Edition of HelpNDoc: Effortlessly upgrade your WinHelp HLP help files to CHM with HelpNDoc