ThomasM125
Expert Alumni

Get your taxes done using TurboTax

We are working with TurboTax here, not Proconnect, so I can only tell you that in TurboTax you would enter that as a negative "other" income amount on line 8(z) in Part I of Schedule 1. Here would be the procedure:

 

 1. From the Federal menu in TurboTax find Wages and Income 

2. Find Less Common Income

3. Choose Miscellaneous Income, 1099-A, 1099-C

4. Choose Other Reportable Income

5. Enter a description for the adjustment and the amount as a negative number

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