1. Enter the W2 as NORMAL wages on line 7.
2. Then make an entry on 1040 line 21 Other Income to offiset it by going to
>Federal Taxes
>Wages and Income
>Choose Jump to Full List -or I'll choose what I work on
>Scroll way down to the end - Less Common Income
> Click start or update next to the last one "miscellaneous income"
3. Then the last one for Other Reportable Income
For description enter “Notice 2014-7” . Enter the amount with a MINUS sign (-) in front of it.
