PaulaM
Employee Tax Expert

Get your taxes done using TurboTax

Report it as Misc Income in the Less Common Income section for the $4,200. Then make a second entry in the same section for a -$4,200. That way you are disclosing to the IRS the form 1099-MISC, but the net effect will be zero for you. Keep good records of the events you described.

 

 

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