I am currently preparing my 2019 tax forms. Turbo tax requires base year information, from previous years to complete the Sch J worksheet including 'deduction for exemptions'. The problem is that my 2018 1040 has no line 42 ('deduction for exemptions') as the 2016 & 2017 1040 forms do. The 1040 forms changed in 2018 but the Turbo Tax directions do not reflect that change. Line 42 on the older forms is titled exemptions. What is the corresponding line on the 2018 1040 form? From what line on the 2018 1040 form do I take the 'deduction for exemptions' required on the worksheet?
You'll need to sign in or create an account to connect with an expert.
There was no deduction for exemptions for tax year 2018, so there is no corresponding line number on the 2018 version of Form 1040. You can enter 0 into the Schedule J worksheet where it asks for your 2018 deduction for exemptions, if leaving it blank does not work.
There were many changes to the 2018 tax laws and forms. One key change was the increase of the standard deduction coupled with the elimination of dependent exemptions. This link explains more about Tax Reform - Tax Reform Basics for Individuals and Families.
@TurboTaxSree flagging you on this. Line 42 does exist on the 2018 form SCH 2. However, it's marked as "reserved". So need guidance on this one.
There was no deduction for exemptions for tax year 2018, so there is no corresponding line number on the 2018 version of Form 1040. You can enter 0 into the Schedule J worksheet where it asks for your 2018 deduction for exemptions, if leaving it blank does not work.
There were many changes to the 2018 tax laws and forms. One key change was the increase of the standard deduction coupled with the elimination of dependent exemptions. This link explains more about Tax Reform - Tax Reform Basics for Individuals and Families.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jcsmile312
New Member
taxhelp19
New Member
CaliChel
New Member
vfu
New Member
NYC89
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.