JohnB5677
Expert Alumni

Deductions & credits

That is incorrect.  You initially have to enter the 1099-MISC as income.  That form is reported to the IRS and they will be looking for it to be posted.  Todd gave you excellent directions on how to negative it out to become a net zero income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"