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How can I enter adjustments/expenses in Schedule 1 Line 24z?

My daughter did an FFA project (see IRS Pub 225 pg 76) and received a 1099-MISC. I entered that information in Form 1040 line 8 Additional Income from Schedule 1, line 10

 

TurboTax will not let me enter any information on Schedule 1 Line 24z Other Adjustments. I guess I need to use the paper forms for 1040 and Schedule 1.

If I enter the information from form 1099-MISC I am not able to modify it. The only option is to put '0' in on Schedule 1 (Form 1040), line 8z which then would not match the 1099-MISC.

I have to file this return by mail in order to attach a statement showing the gross income and expenses. (see below).

I am worried that if I file without payment the IRS will charge a penalty if they do not agree. If I submit a payment I am not sure we could get it refunded. Calling the IRS help line as of no use as they did not address the specific situation and repeatedly stated 'I would advise you to pay the taxes due before April 15'

My daughter also had a part time job at a grocery store but when I put only the W-2 (~ $3800)  info she does not owe any taxes. However, when I add the 1099-MISC (~$1,400) it shows $101 due.

 

"4-H Club or FFA project. If an individual participates in a 4-H Club or National FFA Organization (FFA) project, any net income received from sales or prizes related to the project may be subject to income tax. Report the net income as “Other income” on Schedule 1 (Form 1040), line 8z. If necessary, attach a statement showing the gross income and expenses. The net income may not be subject to SE tax if the project is primarily for educational purposes and not for profit, and is completed by the individual under the rules and economic restrictions of the sponsoring 4-H or FFA organization. Such a project is generally not considered a trade or business."

 

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1 Reply
MonikaK1
Expert Alumni

How can I enter adjustments/expenses in Schedule 1 Line 24z?

In order to report 4-H income reported on a 1099 but for which you incurred expenses:

 

If you are using TurboTax Online, you can enter the 1099-MISC as Less Common Income, Other Reportable Income. Then, enter a second item with an explanation and enter the same amount (or less, if the expenses were less) as a negative number. 

 

However, if you already got the benefit of deducting the expenses related to the income as charitable contributions, then don't deduct them again on Schedule 1.

 

If your daughter had a Form W-2 from a job, she should file her own return. If her income is less than the filing requirement for a dependent, and there was no withholding, then she doesn't need to file. If there was withholding, she should file in order to get the withholding back.

 

  • A dependent child who has earned more than $13,850 of earned income (tax year 2023) typically needs to file a personal income tax form. Earned income includes wages, tips, salaries, and payment from self-employment. This threshold increases to $14,600 for 2024.
  • A dependent child who receives more than $1,250 in investment income in 2023 ($1,300 in 2024) is required to file a tax return. Investment income includes interest and dividend payments.

See this TurboTax tips article for more information.

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