RobertG
Expert Alumni

Get your taxes done using TurboTax

Here is how to enter the excess salary deferral in TurboTax so that the amount will appear on Form 1040 Schedule 1 line 8

 

Under income:

  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.
  6. Enter the amount as a negative number, and the amount on line 8 of Schedule 1

@JDIETZ61

 

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