MaryK4
Expert Alumni

Deductions & credits

If you report the 1099-MISC as other income, you can make an additional entry for Miscellaneous Income with the amount as a negative to cancel the income.  Use a description such as "1099-MISC received on behalf of HOA".  

This way you have the income reported, but it will be subtracted from the income.  Keep records of the transaction with your tax records.

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