How do I report ordinary income or ordinary lossess in TurboTax? Note this is not interest or dividends or anything from the options provided.

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How do I report ordinary income or ordinary lossess in TurboTax? Note this is not interest or dividends or anything from the options provided.

Hi,

I am filing 8621 section 1296 MTM election.

This time I have an ordinary loss to report.

It occurs to me that I need to report my section 1296 ordinary loss in schedule 1 line 24 item z. which is then reported in sch1 line 26 and finally on 1040 line 10. (and not line 8 ! )

Is there a way to get there, or should I get the negative amount trick said above and then print and swap a corrected schedule 1? and a corrected 1040 with the loss in line 10 and the actual other income in line 8?

Many thanks

How do I report ordinary income or ordinary lossess in TurboTax? Note this is not interest or dividends or anything from the options provided.

does anyone have an idea about this?

many thanks.

How do I report ordinary income or ordinary lossess in TurboTax? Note this is not interest or dividends or anything from the options provided.

what version of TurboTax are you using?

How do I report ordinary income or ordinary lossess in TurboTax? Note this is not interest or dividends or anything from the options provided.

hi,

the current online version

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