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I received a 1099-MISC AND a W-2 for a settlement. Wage portion on the W-2, 1099 is for damages and attorney fees. Do I omit the wages when entering the 1099?
I don't want to be taxed twice on the wage portion since I already entered it from the W-2, but when entering the 1099-MISC (which includes only the damages and attorney fees) Turbotax asks if any of the following apply:
"This money is from a lawsuit settlement". Yes.
Then: "Was any part of the lawsuit for back wages?" Yes.
I am then required to enter the wage portion a second time, even though its not listed or a part of the 1099?
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‎June 4, 2019
9:57 PM