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Get your taxes done using TurboTax
You misunderstand. The 1099-MISC is for *taxable* income from a legal settlement.
What you have is an "above the line" tax *deduction* for a discrimination lawsuit.
The 1040 line 8a amount *subtracts* from your AGI to reduce your tax, not *add* to it to increase the tax that misc. 1099 income would do.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎February 25, 2020
9:59 AM