Get your taxes done using TurboTax
If you have not yet filed your 2024 Federal 1040 tax return, as a test, add $1 to other income.
The income will be reported on line 8z of Schedule 1 and you will be able to see the amount that was included in error or for personal items sold at a loss at the top of the form.
Print out the form and retain the form with your records.
In TurboTax Online, follow these steps to report $1 in other income. Then remove the $1 before you file your Federal 1040 tax return.
- Select Federal from the left side menu.
- Click on Wages & Income.
- Click the down arrow to the right of Less Common Income.
- Click to the right of Miscellaneous income….
- Click to the right of Other reportable income.
- At the screen Other Taxable Income enter a description of the income and $1.
