JML222
Level 4
‎12-07-2019 04:21 AM
 
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garman22
Level 13
Level 13
‎12-07-2019 04:21 AM

Make an adjustment on other income to back it out with the notice 2014-7 as explanation.  

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JML222
Level 4
‎12-07-2019 04:21 AM
seems to require linking to a Sch C, not working
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Just-Lisa-Now-
Level 15
Level 15
‎12-07-2019 04:21 AM
You don't need Sch C to write in something on Line 21 of Sch 1.

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Marc-TaxMan
Level 8
‎12-07-2019 04:21 AM

1040, Sched 1, Line 21, as a negative #.  My explanation is: Notice 2014-7

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JML222
Level 4
‎12-07-2019 04:21 AM
Entering a negative number on line 21 does not carry thru to line 22 and reduce total income.
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Just-Lisa-Now-
Level 15
Level 15
‎12-07-2019 04:21 AM

Sure it does, see these screen shots


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TaxGuyBill
Level 15
‎12-07-2019 04:22 AM
Also, if EIC is potentially involved, you need to go to the EIC worksheet and say the income was earned as an inmate.
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Just-Lisa-Now-
Level 15
Level 15
‎12-07-2019 04:22 AM
The W2 worksheet has a box Park V Question Ja if it was earned as an inmate in a penal institution...will that work too?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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TaxGuyBill
Level 15
‎12-07-2019 04:22 AM
Probably, but I haven't tried that.
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