I have done exactly what both of you instructed.
You state:
- Choose the Federal option on your left menu bar
- Choose Wages & Income
- Find Less Common Income in the list of income sources
- Use the Show More option to expand the choices and choose Miscellaneous Income, 1099-A, 1099-C
- Choose the Other Reportable Income option and find Other Taxable Income in that section
- Enter a description for your adjustment and the amount as a negative number
I am using TurboTax Online Self-Employed.
Going to these does not work:
Form 1099-MISC, for miscellaneous and nonwork payments
Uncommon income, includes awards, interest, debt previously deducted
Rebates and refunds, includes any income returned to customers
I get either that it won't take a negative number, or the feature is not yet supported.
Try it yourself and see what you get.
I do appreciate your efforts.
