Instead of entering the Form 1099-NEC in the Form 1099-NEC section of TurboTax, try using the steps below. The categories related to the entry of Form 1099-NEC do not really fit your situation and you are simply trying to report the income and then negate it.
These steps will report the income and report the same amount as a negative adjustment. Ignore any messaging that says do not enter Form 1099-MISC or Form 1099-NEC in this manner.
- Go to the Income section of your return
- Scroll to the Less Common Income category
- Click Start or Update beside Miscellaneous Income, 1099-A, 1099-C
- Scroll to the bottom of that section and click Start or Update beside Other reportable income
- Answer Yes
- Enter your description (include Form 1099-NEC as part of the description) and amount for the income you received
- Enter your description and a negative amount for the income you received
The end result is that no additional income is reported on your return, but there are two income entries shown on Form 1040 Schedule 1 line 8z.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
