PattiF
Expert Alumni

Get your taxes done using TurboTax

No, it is not necessary at all to enter the 1099-MISC in the return. 

 

Here is the same solution from another expert (IreneS) that does not mention adding and subtracting the 1099-MISC:

 

You can enter the sale of stock reported on a 1099-MISC using these steps:

 

  1. Click on Federal > Wages & Income  
  2. In the Investment Income section click on the Start/Revisit box next to Stocks, Mutual Funds, Bonds, Other.   
  3. If you have already entered some investment sales, you will see a screen Your investment sales summaryClick on the Add More Sales link.  
  4. On the screen, OK, what type of investments did you sell?  click the Other box and then click Continue.
     
  5. Continue through the screens, entering the requested information.

 

 

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