I've been issued a 1099 from a company for an account that needs to be associated with a trust's return and not mine. I was told by a CPA to fix the problem I need to include language on Schedule B Part II where the first line states the payer and the amount paid and the second line states "Less reported through trust (EIN ##-#######)" and the amount is the negative of the amount paid. In effect, zeroing out the amount paid.
Unfortunately Turbotax doesn't allow you to enter a negative amount on Schedule B Part II. Is there a way to allow an negative amount to be added?
