This is straight replacement of comma with the keyword used in VBA for a line feed vbCrLf. Also, when posting code, used the # button, then paste your code between the two bracketed code markers.
Also tweaked the formatting a bit to make it easier to read.
What are you using this code for, given a line feed is much different than a comma there is likely a better way of doing whatever string dance you need.
Private Sub Worksheet_Change(ByVal Target As Range)
'Code by Sumit Bansal from https://trumpexcel.com
' To allow multiple selections in a Drop Down List in Excel (without repetition)
' Edited to allow deselection of item (courtesy of Jamie Counsell)
Application.EnableEvents = True
On Error GoTo Exitsub
If Target.Address = "$A$14" Then
If Target.SpecialCells(xlCellTypeAllValidation) Is Nothing Then
GoTo Exitsub
ElseIf Target.Value = "" Then
GoTo Exitsub
Else
Application.EnableEvents = False
Newvalue = Target.Value
Application.Undo
Oldvalue = Target.Value
Target.Value = Newvalue
If Oldvalue <> "" Then
If Newvalue <> "" Then
If InStr(1, Oldvalue, vbCrLf & Newvalue & vbCrLf) > 0 Then
Oldvalue = Replace(Oldvalue, Newvalue & vbCrLf, "") ' If it's in the middle with comma
Target.Value = Oldvalue
GoTo jumpOut
End If
If Left(Oldvalue, Len(Newvalue & vbCrLf)) = Newvalue & vbCrlf Then
Oldvalue = Replace(Oldvalue, Newvalue & vbCrLf, "") ' If it's at the start with comma
Target.Value = Oldvalue
GoTo jumpOut
End If
If Right(Oldvalue, Len(vbCrLf & Newvalue)) = vbCrLf & Newvalue Then
Oldvalue = Left(Oldvalue, Len(Oldvalue) - Len(vbCrLf & Newvalue)) ' If it's at the end with a comma in front of it
Target.Value = Oldvalue
GoTo jumpOut
End If
If Oldvalue = Newvalue Then ' If it is the only item in string
Oldvalue = ""
Target.Value = Oldvalue
GoTo jumpOut
End If
Target.Value = Oldvalue & vbCrLf & Newvalue
End If
jumpOut:
End If
End If
End If
Application.EnableEvents = True
Exitsub:
Application.EnableEvents = True
End Sub