I have found the No Tax on Car Loan Interest (Schedule 1-A) input in the Adjustments to Income area (Other Adjustments tab).
I have entered the VIN and amount of Loan Interest for Schedule 1-A but the schedule is not generating.
I know the client exceeds the income limits for the deduction, however the Schedule 1-A should still generate - the client needs to see that it has been entered and the income limits.
Any ideas on how to get the Schedule 1-A to generate would be greatly appreciated!
Thanks!!!
I am encountering this situation with new car loan interest for the first time. I cannot locate a field to enter the vehicle VIN, even with going to the form view and clicking on the VIN field. That doesn't bring me to an entry field.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.