pwilson13
Level 3
02-19-2024
12:22 PM
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Best Answer Click here
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Level 15
02-19-2024
01:06 PM
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what is it you want to put in there?
Theres a smart worksheet above that section for lots of items that belong on Line 24, but some things can go on line 8z as an adjustment instead.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
pwilson13
Level 3
02-19-2024
01:20 PM
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Thank you, Lisa! I have used 8z for Form 1099K, but this is a strange situation. It's a 1099-MISC, for paid medical leave, paid to the employee instead of the employer. So, the employee paid back the employer and got stuck with the 1099. I can't see a claim of rights deduction working, and an itemized deduction will not work either.
Level 15
02-19-2024
02:04 PM
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I'd use 8z for the adjustment, so the 1099MISC income will show, then right below it the adjustment would wash it out.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
pwilson13
Level 3
02-19-2024
03:20 PM
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Thanks! Sometimes it's hard to see the forest for the trees.