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With online TurboTax you do not have direct access to any of the forms or schedules. You do not have to locate the 1A----if you are entering information that belongs there, the software will put it on schedule 1A for you. What are you trying to enter? Senior deduction---it is automatic. Car interest? Tips? When you enter these, the deduction ends up on Form 1040 line 13b.
Schedule 1-A is generated if you are eligible for an Additional Deduction, such as No Tax On Tips, No Tax On Overtime or the Additional Senior Deduction.
The total of this schedule (Schedule 1-A) flows to line 13b on your 1040 Federal return.
To preview your Form 1040 Tax Return using TurboTax Online, please select Tax Tools on the left side bar, then TOOLS from the drop-down that opens
(you may need to play with the scroll bar on the left side to see these options)
Next, select "View Tax Summary" on the Tools Center Screen
On the left side bar you can find "Preview my 1040"
Select "Preview my 1040"
If using TurboTax Desktop, simply switch to FORMS located at the top right corner (left on MAC)
i am trying to enter new car interest per the big beautiful bill. there has been nowhere on turbo tax (and I have been all thru it0 that even asks if I purchased a new car. There is NO schedule 1-a when I search for it while viewing all the forms. Sooooooo how is this done please.
To enter Car Loan Interest -
Click on Federal Taxes (Personal using Home & Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Cars and Other Things You Own
On Car Loan Interest, click on the start or update button
Are you using the online or desktop version? If you are using the online version, you will need to go to the print center and select all forms and worksheets. But, if you did not yet enter the interest in the interview mode you will not find Schedule 1-A.
Schedule 1-A will not be generated until you enter information that will make it pop up.
You can enter your car loan interest by selecting the following:
In order to claim this interest the following criteria must be met:
Note: The interest deduction is capped at $10,000. This is an above the line deduction, not a credit meaning it will lower your AGI and taxable income. It will not be an amount that is refunded to you, but it could result in a refund by lowering your taxable income.
If you are using the Desktop version and in forms mode, you can either do a search in the upper left hand corner to find the forms or you can take the steps above which will generate Schedule 1-A if you qualify for the deduction.
I am using home and business desktop and I am having the same issue. I don't see it in as an available schedule. In my case my age should have triggered the senior deduction, but is did not.
@BAJuliano What is your filing status? If you are filing MFS you are not eligible for the senior deduction. Or if you are single and your income was over $75,000 it phases out.
You say you are using desktop Home and Business. You should be able to go to Forms mode and see 1A.
@BAJuliano Go to Forms and open the 1040/1040SR. Is there anything on line 13b?
If you aren’t getting the new Enhanced Senior Deduction on Schedule 1-A which goes to 1040 line 13b these should be the only reasons…
Check your date of birth under My Info
Check if your ssn is checked for NOT valid for employment under My Info
If you are married you have to file a Joint return not Separate
Is your AGI over 175,000 Single or 250,000 Joint?
@BAJuliano I have Home & Business too on Windows. I made you a screen shot. IF it's not in the list in the left column go up to Open Form
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