I have filed with TurboTax before, and never had to upgrade. I do not understand what Schedule 1, Additional Income and Adjustments to Income mean?

alexdemetriades — Wed, 05 Jun 2019 23:54:25 GMT

Schedule 1 is a new form this year. For 2018, the IRS co...

JulieCo — Wed, 05 Jun 2019 23:54:27 GMT

Schedule 1 is a new form this year. For 2018, the IRS completely revised the 1040 form. They eliminated the 1040A and 1040EZ forms and made the 1040 form a short half page sized form that now has up to six additional schedules that get attached to it (Schedules 1 - 6). Therefore, anything that is reported on Schedules 1 to 6 used to be reported somewhere on the 1040 form.

Schedule 1 is where certain additions and adjustments to income are reported. These additions and adjustments are for capital gains, unemployment compensation, prizes or awards, gambling winnings, student loan interest deductions, self-employment taxes, or educator expenses. Therefore, in order to have these additions or adjustments recorded on your tax return, they must be reported on Schedule 1.

Here is a sample of the Schedule 1 form: Schedule 1

topic I have filed with TurboTax before, and never had to upgrade. I do not understand what Schedule 1, Additional Income and Adjustments to Income mean? in Get your taxes done using TurboTax

I have filed with TurboTax before, and never had to upgrade. I do not understand what Schedule 1, Additional Income and Adjustments to Income mean?

Schedule 1 is a new form this year. For 2018, the IRS co...