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gelo23
New Member

What is Schedule 1, Additional Income and Adjustments to Income

 
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3 Replies

What is Schedule 1, Additional Income and Adjustments to Income

Its a new form that goes along behind the new postcard sized (its actually 2 half pages) Form 1040.

Various different things are reported on it, it resembles the old style 1040.

<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f1040s1.pdf">https://www.irs.gov/pub/irs-pdf/f1040s1.pdf</a>
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
gelo23
New Member

What is Schedule 1, Additional Income and Adjustments to Income

I think in my case it is triggered by Student Loan interest payments and their tax break associated it with them. Was this reported differently last year? Because now i have to upgrade to be able to file and is no longer free =(

What is Schedule 1, Additional Income and Adjustments to Income

Yes, the new forms did not exist last year.    The IRS scrapped the old 1040EZ and 12040A and replaced them with a new "simple" one page 1040 for everyone and 6 new schedules.   The Free Edition only supports the simple one page 1040. Any additional schedules require Deluxe or higher and student loan interest requires schedule 1.


You might be able to use the Freedom Edition for incomes under $33,000 and supports all states and most forms.

The Freedom Edition is part of the IRS Free File alliance and is totally separate from TurboTax website.

https://turbotax.intuit.com/taxfreedom/

How do I switch to TurboTax Freedom Edition?
https://ttlc.intuit.com/replies/3491786
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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