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Get your taxes done using TurboTax
enter your W-2 as a regualar W-2.
Then make a separate negative entry as follows:
- In Income go to the Less Common Income section and select Start next toMiscellaneous Income, 1099-A, 1099-C.
- On the next screen, select Start next to Other Reportable Income and answer Yes on the next screen. Enter the description IRS Notice 2014-7 excludable income and enter the W-2 box 1 amount as a negative (-) number. This places an offset on line 8 of Schedule 1, making the income not taxed, but still eligible for EIC.
‎January 25, 2023
10:15 AM