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Get your taxes done using TurboTax
Thanks Carter.
I am using Turbo Tax Premier "2019".
I followed your steps to add my income in form 1099 MISC.
For the next steps, I am unable to complete the following steps to negate my income
I do not see "Less Common Income" section. Please help
Now the income shown on the Form 1099-MISC has been added to your return. Next, it will be “removed” from the return.
Follow these steps:
- Go to Federal Taxes > Wages & Income and scroll to the bottom of the screen to the Less Common Income section (expand the section by clicking Show More if necessary)
- Click Start or Update beside Miscellaneous Income, 1099-A, 1099-C
- Scroll to the bottom of the list and click Start or Update beside Other Reportable income
- Answer Yes to move forward
- Enter a brief description, such as “settlement refund adjustment,” and the amount reported on the 1099-MISC as a negative number then click Continue
- Click Done
November 25, 2020
3:11 PM