Hello, Is there a way to enter this same/similar situation on the current 2020 version of Turbo Tax.
On Schedule 1, line 8, I already entered 2 separate entries in the 1099-NEC (this is the form I received) section and they net out to $0 shown on the Schedule 1. But I want both amounts to show (positive being offset with negative) and a description of "Non-taxable compensation under IRC section 104(A)(2)".
So basically, is there a way to show 2 line items on Schedule 1, line 8? Something like this...
COMPANY NAME $XX,XXX
"NON-TAXABLE..." -$XX,XXX
TOTAL NETTING TO $0
