Yes, you can enter an offset amount for Form 1040 Line 24z through the step-by-step interview using "Other Reportable Income" and a negative amount.
Go to:
- Less Common Income
- Select start/update for Miscellaneous Income, 1099-A, 1099-C.
- Select start/update for Other Reportable Income.
- Any Other Taxable Income? Select, yes.
- On the Other Taxable Income page
- Description: ex: “Offset to Foreign Income [amount]”.
- Amount: enter the adjustment amount as a negative number.
@thomasgeny
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