ThomasM125
Expert Alumni

Get your taxes done using TurboTax

You will need to report the W-2 as you have done, then make an entry to Other Income for a negative amount to cancel out the income. You can do this as follows:

 

 Choose the Federal option on your left menu bar

  1. Choose Wages & Income
  2. Find Less Common Income in the list of income sources
  3. Use the Show More option to expand the choices and choose Miscellaneous Income, 1099-A, 1099-C
  4. Choose the Other Reportable Income option and find Other Taxable Income in that section
  5. Enter a description for your adjustment and the amount as a negative number
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