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Business & farm
I spoke to an IRS telephone representative. I am explicitly to put the amount of my ATM surcharges on Form 1099-MISC on both lines 8z (as it appears in Box 3) and in lines 24z of Form 1 in order to have the bank changes not considered income. This is per the IRS Publication 525. No trickery like putting this number in line 8z as a negative will suffice. Again, per the IRS.
How does one enter something on Schedule 1, Line 24 using TurboTax?
‎February 10, 2022
6:51 PM