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Get your taxes done using TurboTax
Enter above-the-line deduction for attorney's fees reported on 1099-MISC by entering a separate 1099-MISC reporting other reportable income with the amount of attorney's fees only listed as a negative number. For description, enter deductible attorney's fees.
This means for this income, you will have two 1099-MISCs entered into TurboTax. One reporting exact same information as reported to you on the 1099-MISC, and a second one reporting the deductible attorney's fees as a negative number.
Do not enter them in a second time under deductions and credits, as this can cause them to be deducted from your state tax return twice.
March 14, 2024
10:38 AM