enter the1099.M form -- other income (as a 1099-Misc) Direct the income to go to Schedule 1 Line 8 (other income).
pull Schedule 1. go to line 8, Enter in description Ca-MCTR - enter amount as a negative on the line.
This will reverse the amount from income.
The tax institute instructs you to enter the adjustment on Line 24 of adjustments to income (enter as a positive number}. This will also reverse the income from taxable income.
