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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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‎February 2, 2025
2:39 PM