Penalty on Early Withdrawal of Savings
Going back will take you to instructions for the current tax year.
The form 1099-INT given to you by your bank or other savings institutions will show the amount of any penalty you were charged because you withdrew funds from your time savings deposit before its maturity. Enter this amount here. Include interest income from the time deposit on line 2 of the IA 1040.
Married Separate Filers:
Divide the penalty amount between spouses based upon registered ownership of the time deposit.