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New Member
posted Mar 5, 2025 2:21:25 PM

Can I access Schedule 1, part 2 to adjust the cost of an insurance endowment payout?

This is an insurance contract that has matured after 64 years. IRS says it is non taxable, but I have to enter the total cost of premiums. It looks like it should go on line 24Z of Sch. 1, part 2, but software won't let me in.

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Level 15
Mar 5, 2025 2:24:03 PM

If you are using online TurboTax you do not have direct access to the forms.  Forms mode is a feature of desktop download software.   With online, all of your entries are made via the interview screens.