tscott1205
Level 4
04-28-2021
10:12 AM
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Does anyone know why my 2018 program eliminated the premature 10% early withdrawal penalty when I opened the 2018 file for my client today?
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Employee
04-28-2021
02:09 PM
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Hi tscott1205,
Beginning tax year 2018, the adjustment to income for the penalty on early withdrawal of savings is entered on Schedule 1 (Form 1040).
jimst
dkh
Level 15
04-28-2021
03:00 PM
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Tax return in process or tax return efiled/accepted?