The early withdrawal penalty is a for AGI deduction.Which form can the taxpayer use to claim this benefit?
A)1040EZ.
B)1040A.
C)1040.
D)1040A or 1040.

Question

Quizplus · Accepted Answer

The early withdrawal penalty is reported on Form 1040, as it allows for a broader range of deductions and credits compared to the more simplified forms 1040EZ and 1040A, which have been phased out and replaced by a redesigned Form 1040.

The Early Withdrawal Penalty Is a for AGI Deduction