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Deductions & credits
You should report the total income, then add a negative adjustment to income to reduce the amount down to the correct taxable number as follows:
1. Go to the "Federal" section of TurboTax
2. Click on "Income and Expenses"
3. Find "Less Common Income" and choose the last entry "Miscellaneous Income"
4. On the next screen, "Miscellaneous Income" choose the last entry "Other Reportable Income"
5. Enter a description for your entry (Treaty code ), and enter the taxable amount you want to exclude from income as a negative number
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‎April 9, 2020
1:59 PM