Yes. I would follow the directions of @ThomasM125.
You have reported the IRS form 1099-MISC correctly. The reversal notifies the IRS that you recognize the legitimacy of the IRS form. The reversal records the non-taxability of the payment.
Retain any paperwork with your tax records should a tax authority have a question about the transaction at a later time.
@Mialou
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
