"If you are correct, you have received an erroneous 1099-Misc."
I don't believe this is true, and it makes the rest of the post confusing in terms of trying to determine the best solution.
As Hal_Al points out in another post, Section 1235 of the Internal Revenue Code makes clear that if an inventor has transferred their patent rights to a third party, such as their employer, they can claim income from that patent as a capital gain. In order to make this easier, companies, universities, etc. report this income in box 3 of the 1099-MISC. You can find various university websites that say this and I doubt they are all creating erroneous 1099-MISC forms.
Although the intent is to make this income easier to claim as a capital gain, I still have no idea of the best way to do it if I want to use TurboTax.
