Schedule 1 line 24h

Forum|Forum|2 years ago
February 27, 2024
3 replies
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I have attorney's fees that qualify to be entered on Schedule 1 line 24h. How do I enter this through the turbo tax prompts?

TurboTax Premier Online

Anonymous_

You need to enter this figure in Forms Mode on the Other Adjustments to Income Smart Worksheet on Schedule 1.

KrisD15

TurboTax does not support this particular adjustment. You can enter the negative adjustment for the attorney fees up to the amount included in income which will show on line 8z on your schedule 1 if using TurboTax Online.

You may make the adjustment on line 24 if using TurboTax Desktop in FORMS.

If the award was reported and entered using Form 1099-MISC, you can enter the deductible attorney fee by selecting

Wages & Income

Less Common Income

Miscellaneous Income, 1099-A, 1099-C

START

Other reportable income

START

Type "Deductible attorney fee" as the description and enter the amount

More information about attorney fees

@EZtax92

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GSDraw

Im trying to do this:

You may make the adjustment on line 24 if using TurboTax Desktop in FORMS.

However the program will not let me enter it.

AmyC

You actually enter the expenses on the 1040 Wks. It does require an override to enter the income. Right click on a windows computer. The program will move it to Sch 1 where it should be.

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better2025

I have the same question. Is there any way to do this with TurboTax online? I don't have the desktop version.

mglauner

The prompts in TurboTax Online are very similar to those posted above.

On the Income & Expenses page, scroll all the way down to Miscellaneous Income, 1099-A, 1099-C. Choose Add/Edit.
On the next page, scroll all the way down to Other Reportable Income. Choose Start/Revisit.
If you have already entered other Misc Income items, choose 'Add another income item', or if not, you'll be asked 'Do you have any other taxable income?' Yes
Enter a description and the amount as a negative number.

Remember that legal fees are only deductible now for discrimination settlements.

@better2025