You can enter a negative number with an entry of an Other Income item - if you are using it to balance a separate entry of a positive number with an item of income reported on a Form 1099 that isn't taxable. Depending on where you entered the negative number, the program may perceive it as an error.
Follow the steps provided by DianeW777 above to make the negative balancing entry once you have entered the income:
- Click on Federal > Wages & Income.
- Scroll down to Less Common Income section.
- Click on Start/Revisit box next to Miscellaneous Income.
- Scroll to Other Reportable Income Click Start/Revisit.
- Enter Description and negative amount (ex. -500).
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