Q. Does it mean I have to do the positive/negative entry to nullify it first in the Other Income section?
A. No, that's only a suggestion. Some people think it might help ward off an IRS inquiry if there's an entry on Schedule 1 directly mentioning the 1099-MISC. I'm of the opinion that the IRS will see the amount reported (on line 8r) and that's good enough. It's a common thing.
