Yes, you can have a negative on Line 14. It is offsetting income you have reported on Schedule C - which was already included (and taxed) with both your federal and IA state returns. It is no problem.
From the Iowa Department of Revenue - Line 14 Subtract to the extent included, up to $1,000, the amount of:
- Premium pay received by a certified peace officer who was designated by the governor of the State of Iowa as an eligible worker.
- Premium pay received by a correctional officer or medical staff member at a correctional facility who was designated by the governor of the State of Iowa as an eligible worker.
- Premium pay received by a teacher employed by an independently accredited school or a teacher employed by the State of Iowa who was designated by the governor as an eligible worker.
- Teacher retention payment received by a teacher that was funded from money received by the State of Iowa from the elementary and secondary school emergency relief fund pursuant to the federal Coronavirus Response and Relief Appropriations Act or the American Rescue Plan Act of 2021.
- Teacher retention payment received by a teacher employed by a private school or specially accredited school, which was funded from the private sector worker premium pay program administered by the Department of Education that was funded from the State of Iowa money.
- Recruitment and retention bonus received by a child care worker through the recruitment and retention bonus program administered by the Department of Human Services.
@Ashel56
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