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Deductions & credits
Additional comment to the above:
Is documenting this under "Less Common Income" --> "Misc Income, 1099-A, 1099-C" --> "Other reportable Income" and reflecting the negative number to offset the amount A + B, such that only the delta would be taxed acceptable? What kind of language would one use in the description?
Is documenting this under "Less Common Income" --> "Misc Income, 1099-A, 1099-C" --> "Other reportable Income" and reflecting the negative number to offset the amount A + B, such that only the delta would be taxed acceptable? What kind of language would one use in the description?
‎June 5, 2019
2:58 PM