Get your taxes done using TurboTax

You can enter the same amount as a negative number as an adjustment in Other Taxable Income.  Please follow these steps:

1. Click on Federal > Wages & Income   
2. In the Less Common Income section , click on the Start/Update box next to Miscellaneous Income, 1099-A, 1099-C. 
3. On the Let's Work on Any Miscellaneous Income screen, click the Start/Update box next to Other reportable income.
4. On the screen, Any Other Taxable Income? click the Yes box. 
5.  On the next screen, Other Taxable Income, enter a description and the amount you entered for the 10999-MISC as a negative number  Click Continue.