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How do i enter a negative number in turbotax in line 21 on form 1040

 
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6 Replies
JohnR
New Member

How do i enter a negative number in turbotax in line 21 on form 1040

     Hi,  to enter a negative adjustment on your wages, in TurboTax Free Edition, here are the steps:

1.  Federal taxes / Wages & Income -Less Common Income ( very last section on the screen) 

2.  Select Miscellaneous Income , 1099-A, 1099-CStart 

3.  Select Miscellaneous IncomeOther income not already reported on a Form W-2 or Form 1099- select Start 

4.  Follow prompts to enter your information. 


mallik
Returning Member

How do i enter a negative number in turbotax in line 21 on form 1040

When I enter negative amount as described above, Turbotax is not allowing me to eFile my Federal tax returns. It says I need to fix the return and 'Wages, Salaries & Tips worksheet: TP other earned inc shouldn't be less than zero." Please help!!

How do i enter a negative number in turbotax in line 21 on form 1040

you can't have negative Other Income. That makes sense, doesn't it ?

mallik
Returning Member

How do i enter a negative number in turbotax in line 21 on form 1040

There was a loss on excess contributions to the 401k contribution due to the stock market fluctuation. So what was returned to me (excess contribution) was less than my contribution to 401k. The letter from the retirement fund told me I need to enter it as a negative amount in this category.

How do i enter a negative number in turbotax in line 21 on form 1040

I'm in the same situation and getting the same error "'Wages, Salaries & Tips worksheet: TP other earned inc shouldn't be less than zero."  Has anyone found a solution to this?

CarissaM
Intuit Alumni

How do i enter a negative number in turbotax in line 21 on form 1040

Turbo Tax will not allow a negative income. If your income is less than $0, you can enter $0 or leave the field blank. 

 

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