turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

sscarr71
New Member

I need to enter a negative amount on line 21 "other income" form 1040 schedule 1 and enter Notice 2014-7 on the line. How do I do this with this program?

Where can I find line 21 on the computer?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
RobertG
Expert Alumni

I need to enter a negative amount on line 21 "other income" form 1040 schedule 1 and enter Notice 2014-7 on the line. How do I do this with this program?

The 1040 has changed for 2019. Line 21 "other Income" is now Form 1040, Schedule 1 Line 8 'other income'.

 

To enter it in TurboTax, you report it under the income section

  1. Select 'Less Common Income'
  2. Then select  'Miscellaneous Income'
  3. Then select 'Other reportable income'
  4. The next screen will ask if you had 'Any Other Taxable Income?'  Select Yes.
  5. The next screens will ask for a description and the amount.

The amount will be reported on Form 1040 Schedule 1 Line 8

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I need to enter a negative amount on line 21 "other income" form 1040 schedule 1 and enter Notice 2014-7 on the line. How do I do this with this program?

Thanks so much. I never would have figured it out on my own. It was exactly what I needed.

mallik
Returning Member

I need to enter a negative amount on line 21 "other income" form 1040 schedule 1 and enter Notice 2014-7 on the line. How do I do this with this program?

When I enter negative amount as described above, Turbotax is not allowing me to eFile my Federal tax returns. It says I need to fix the return and 'Wages, Salaries & Tips worksheet: TP other earned inc shouldn't be less than zero." Please help!!

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question