I have a question regarding the reporting and taxing of loan forgiveness. I will receive a 1099 this year that represents "loan" forgiveness from a hospital for a "loan" that includes 1 year salary guarantee/student loan repayment/signing bonus/relocation. It is forgiven at a rate of 1/24 each month I continue at the position. This 1099 will cover three months of forgiveness (Oct-Dec 2025). If I were to leave my position I would be responsible for repaying the balance of the "loan" amount. The salary guarantee covered the period of Oct 2024-Sept 2025. For the portion of the "loan" was paid to me in salary I will receive a W2 (from the private group I was employed by and paid by during the guarantee period). Regular income taxes will have already been withheld/paid on the amount covering the salary. My understanding is that since I have already paid taxes on the salary portion reported on the W2 I should not responsible for the salary portion that is reported for forgiveness on the 1099 as it will result in double taxation on the salary portion. Is there a was to make the reduction in the amount reported for forgiveness on the 1099 within Turbotax that would allow me to utilize the product to complete my return for 2025. I have been using Turbotax for about 7 years and would love to continue, but this situation is unique. Thank you for your help in advance.
