Schedlue 1 Part 2 line 24z

[ErnieS0]

Here’s how to enter an item on Schedule 1, line 24z. You’ll need TurboTax CD/Download.

See How do I switch from TurboTax Online to TurboTax CD/Download?

1. Once you have your download installed on your computer, tap Forms in the top right corner
2. In the left column, select 1040/1040SR Wks
3. Go to Schedule 1, line 24z
4. Highlight the leftmost line and right-click and select Override or type Ctl-D on your keyboard. Enter your description. 
5. Repeat the procedure for the middle line
6. Tap Step-by-Step where Forms used to be to return to the interview mode.

An override will prevent you from e-filing and also voids the TurboTax 100% Accurate Calculation Guarantee.

[swhite20]

I have had the same problem several others are complaining about.  I had tickets I sold at a loss, got a 1099-k.  The problem is if I put an amount on Schedule 1, line 8z, I can override to put the personal items at a loss adjustment on line 24z, with an override, but Turbotax will NOT provide an override to allow lines 25 and 26 show the adjustment.  As a result, my 1040 showed additional income from line 8z with no adjustment, which is wrong.  I had to zero out line 8, despite having a 1099-K showing income, in order to get the IRS to accept my return.  This is unacceptable the part of TurboTax, as they have known about this problem from posts were for over a month.  And now I am at risk of audit, though I will have a ready explanation, it is personal items sold at a loss.