Removing income on Amended Return

[KELC]

I need to amend a few returns because of the passage of HR 5863 - Federal Disaster Tax Relief Act of 2023. The legal award I claimed as income is now retroactively tax exempt. Do I simply delete the amount I entered into the misc income data field in the addition column, or do I enter an identical amount in the data field in the subtraction column so the two amounts off set.

[KrisD15]

I would enter a negating entry to help explain your stance for eliminating the income.

• Go to:
  Wages & Income
  Less Common Income
  Miscellaneous Income, 1099-A, 1099-C    
  Other reportable income    START
  
  Type " HR 5863" or something similar for the Description 
  Enter the amount as AS A NEGATIVE NUMBER  (put a minus sign in front (-) 

[fanfare]

removing an addition by changing it to -0- is more correct.

Either way the difference will appear in Col (B) of Federal1040-X

1040-X Explanation is where you tell the IRS why you are filing for a refund.

are you amending a state tax return?

the same principle applies.

@KELC