Where to deduct early withdrawl penalty on 1120-H?

Discussion in 'Tax' started by fss, Feb 27, 2006.

  1. fss

    fss Guest

    I'm completing a 1120-H for my home owner assocation. I have
    taxable interest from cashing in several CDs, but the 1099
    also shows an early withdrawl penalty. In the Deductions
    seciton of the 1120-H, I see no line for Early Witdrawl
    Penalty (similar to on a 1040). How/where do I deduct the
    penatly?

    Thanks,
     
    Last edited by a moderator: Jan 23, 2018
    fss, Feb 27, 2006
    #1
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  2. fss

    Barb

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    Barb, Mar 5, 2018
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