If the amount is included on your 1099, add "Rebates" to the Miscellaneous deduction category and list the amount there.
You can deduct a rebate, since you returned the funds, but you cannot deduct a discount, since a discount means you simply lowered the price on a product you sold.
Be sure you have the paperwork to justify the deduction and keep a copy with your tax files.
REBATES
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