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The local IRS told me to add an amount onto line 24z....how do I do that?

Gave an ETSY business to a family member as of 1 Jan 2022. Now I have to amend it because the IRS said I didn't pay the taxes on ETSY in 2022. But I didn't own the account then and ETSY won't issue a 1099 to my son even tho he paid the taxes in 2022.
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rjs
Level 15
Level 15

The local IRS told me to add an amount onto line 24z....how do I do that?

You are referring to line 24z on Schedule 1. Line 24z is "Other adjustments."


If you are amending a 2022 tax return you must be using the CD/Download (desktop) TurboTax software for 2022, because TurboTax Online is only for 2024. (As far as I know there is no way to make an entry on Schedule 1 line 24z in TurboTax Online.)


In the desktop TurboTax software, go to forms mode and open the "Form 1040 or Form 1040-SR Worksheet" (abbreviated 1040/1040SR Wks). Scroll down to Schedule 1, then to Part II, Adjustments to Income, at the top of page 5 of the worksheet. Scroll down a little more to the "Other Adjustments to Income Smart Worksheet" between lines 23 and 24. On line G of the Smart Worksheet, enter a short description in the box on the left, and enter the amount on the right. The description and amount that you enter will appear on line 24z.

 

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