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Retirement tax questions
@DawnC, @dmertz - Sorry to bother you guys again.
I entered the negative income of -2,000 (with a Description) in TurboTax: Less Common Income -> Miscellaneous Income, 1099-A, 1099-C -> Other Reportable Income. Couple of issues
- In the Federal Review Smart Check : It reports "Wages, Salaries & Tips worksheet: Line 9 amount should not be less than 0". Will it allow me to eFile with this warning ?
- I just click continue and when I look at the printed 1040 with all supporting forms, I see the -2,000 reported only in the Wages, Salaries, & Tips Worksheet Line 9b. I don't see it reported anywhere else on 1040, does that sound right ?
Let me know if I did this right or if I should be reporting it differently..
Thanks !
March 9, 2021
10:17 PM