I have a situation in which I received a 1099-misc for an Amazon pricing settlement. The attorney sent me the 1099-misc with the total amount of the settlement in box 3. The proceeds that were actually paid to me was about 45% of the settlement amount. Can I claim the funds that were paid to the attorneys as a deduction off of the total amount in box 3 so that I do not have to pay taxes on the funds that I never received?
Thank you in advance.
