@timwhite thank you for the question, and I am sorry that this is happening to you.
There’s no good answer to this, though you will need to address this on your return. For example, you should show the incorrect payment on your return on Schedule C or on Schedule 1. On Schedule C you could enter an expense for the overpayment with an explanation. This would best be done in Miscellaneous Exegeses. On Schedule 1, you would go to Other Common Income. There you would do this: (Just an Example)
1099-MISC Incorrect (Payor and EIN) $ Full Amount
1099-MISC Corrected Amount (Payor and EIN) $ Enter as a Negative Number (The full amount less this amount equals the correct amount.
These situation all have the potential for higher audit risk, though you probably don’t have much choice. I would say contact a lawyer if you are really miffed, but that comes with a cost as well.
All the best,
Marc T.
TurboTax Live Select Time Tax Expert
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