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New Member
posted Jan 30, 2020 4:34:09 PM

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?

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3 Replies
Expert Alumni
Jan 30, 2020 4:58:06 PM

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

Level 1
Apr 6, 2020 5:18:29 PM

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

Returning Member
Apr 21, 2020 9:38:16 AM

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!!