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Letter 12c from IRS. Income listed on line 8z of schedule 1 which was from a college fund that we cashed in. They need form schedule se. turbo tax didn't produce one

Forum|Forum|3 years ago
March 13, 2023
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IRS says it is income and a self employment form needs to be filled out to determine if tax is owed. It is already included on tax form turbo tax filed.

TurboTax Self Employed Online

Best answer by JulieS

This letter is a request for additional information to process your tax return.

If the income item in question is on your 1099-Q, and it was included in your income, you can send them a copy of the 1099-Q and your 1040 with a statement explaining that the income is not self-employment and it is on your return already.

If you want to discuss this with an agent before you respond to the letter, contact our Audit Support Center. Click here to get started.

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BrittanyS

Can you clarify if you enter the income as self-employment in TurboTax?

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bbcoleAuthor

It was listed as Qual State Tuition Prgm from 1099-Q on line 8z schedule 1 on my form turbo tax submitted.

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JulieSAnswer

This letter is a request for additional information to process your tax return.

If the income item in question is on your 1099-Q, and it was included in your income, you can send them a copy of the 1099-Q and your 1040 with a statement explaining that the income is not self-employment and it is on your return already.

If you want to discuss this with an agent before you respond to the letter, contact our Audit Support Center. Click here to get started.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"