An early withdrawal penalty is reported on Form:

Question

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The early withdrawal penalty is reported on Form 1099-INT, which is used by banks and other financial institutions to report interest income and penalties to the account holders and the IRS. This form is typically issued when the interest earned on an account is $10 or more, or when an early withdrawal penalty of $10 or more has been imposed. Form 1099-DIV reports dividends and Form 1098 reports mortgage interest. Form W-2 reports wage and salary income.

An Early Withdrawal Penalty Is Reported on Form