How do I enter Adjustments to Income on Schedule 1, Line 24z?

What is the nature of the adjustment that needs to be made?  Please clarify.

There is the ability to report a negative income entry with a customized description.  Follow these steps:

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Click Show more to the right of Less Common Income.
• To the right of Miscellaneous Income, 1099-A, 1099-C, click the Start / Revisit button.
• To the right of Other reportable income, click the Start / Revisit button.
• At the screen Other Taxable Income, enter a description such as “Income reversed” and a negative amount. 

The entry will be reported:

• on line 8z of Schedule 1 of the Federal 1040 tax return, and 
• on line 8 of the Federal 1040 tax return.

Make sure that you keep records of all transactions. Later, you may need to explain to a tax authority your entry.

@jan448