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GottaG0
Returning Member

Schedule 1 Line 24z.

How do I access Schedule1 and enter the additional data necessary on Line 24z?

My situation: I made a 2022 Roth Conversion at the end of 2022 by  transferring money from my IRA to my Roth. My brokerage company (Fidelity) did not process the transfer/Roth Conversion until early 2023. I made a 2023 Roth Conversion in the middle of 2023. My 2023 1099-R shows both Roth Conversion amounts. I need to enter a 2023 Schedule 1, Adjustment to Income on line 24z to remove the 2022 amount from my 2023 tax return. This amount should then flow through to 1040 line 10. I'm unable to figure out how to enter this using 2023 Turbo Tax Deluxe. Any ideas?

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1 Reply
Cynthiad66
Expert Alumni

Schedule 1 Line 24z.

If you are trying to adjust or remove income you will need to enter the amount as a negative number.

Follow these steps

  1. Go to the Input Return tab and select Income from the left menu.
  2. Select SS Benefits, Alimony, Misc. Income.
  3. Scroll down to the Alimony and Other Income section.
  4. Locate the field Other Income.
  5. Enter the amount and description. This amount will flow to Form 1040, Schedule 1 as Other Income.
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