topic Form 1040-X: Negative Numbers in Parentheses in After you file

Form 1040-X: Negative Numbers in Parentheses

glerbnik84 — Sat, 19 Jun 2021 21:51:34 GMT

Bottom left of page 10 of the IRS instructions for Form 1040-X: "Note. Show any negative numbers (losses or decreases) in columns A, B, or C in parentheses."

TT Deluxe used minus signs instead of parentheses. Is there a way to remove the minus signs and use parentheses instead, or do I have to print a blank 1040-X and complete it with a pen?

Thank you.

Re: Form 1040-X: Negative Numbers in Parentheses

jtax — Sat, 19 Jun 2021 22:46:08 GMT

I would use what TT prints and ignore the instructions.

Publication 1167 section 6.2.8 (page 30) https://www.irs.gov/pub/irs-pdf/p1167.pdf

says for the following for all "substitute forms" (I think a tax form printed by software is probably a "substitute form" as it is not a printed form from the IRS)

Negative (or loss) amount entries should be enclosed in brackets or parentheses
or include a minus sign. This assists in accurate computation and input of form
data. The IRS preprints parentheses in negative data fields on many official
forms. These parentheses should be retained or inserted on printouts of affected
substitute forms

Re: Form 1040-X: Negative Numbers in Parentheses

macuser_22 — Sat, 19 Jun 2021 22:54:45 GMT

The instructions are for hand filing the form on paper. Before the TurboTax software can be distributed to the public all forms had to be submitted to the IRS for their approval. The IRS has no problem with the way TurboTax does it. (Formats and specifications for electronically prepared tax forms are defined in IRS furnished "schemas" that can be different than the published instructions for paper forms - everything on the form must be exactally as the schema defines it or the IRS computer will not be able to read it. )

Re: Form 1040-X: Negative Numbers in Parentheses

glerbnik84 — Sun, 20 Jun 2021 00:56:38 GMT

Excellent! Thank you for your reply, and for digging up the info in Pub 1167.

Much appreciated!!