turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
rjs
Level 15
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

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.

 

View solution in original post

1 Reply
rjs
Level 15
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

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.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies