ReRail1998
Returning Member

Retirement tax questions

What if the amount you collected from the Private Unemployment Fund is less than total paid into the fund.  i.e. had collected $5000 and paid into the $5250; following your instruction I am assuming you put in $0 for box 3 even though my 1099-misc show's $5K?  When you put in zero it does not give you the option from your instruction "Describe the reason for this 1099K" on?  Is this the proper way to input this, I am assuming if you put a different amount in box three than is showing on the 1099K-Misc it's got to be a red flag...  Please advise