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How to show a 1099-MISC is tax defered?
I received a 1099-MISC for the proceeds from a tender offer. The security tendered was in an IRA, and the payment was received (directly) into the same IRA. The 1099-MISC proceeds should therefore be tax deferred until I withdraw from my IRA. How do I enter a 1099-MISC and show the amount as tax deferred? Do I just delete the 1099-MISC? (Turbotax adds the 1099-MISC to my 2022 income as taxable). I am concerned about an audit if I do not report the 1099-MISC, BUT the proceeds are not taxable now.
‎February 25, 2023
12:40 PM