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Self employed
Your Minnesota tax rebate is a taxable item for federal tax, but not for Minnesota state tax. Therefore, the 1099-MISC should be entered and reported on your federal tax return. It then needs to be subtracted as an adjustment to your state tax return by selecting "Received a one-time tax rebate for tax year 2023 from the State of Minnesota" on the screen "Tell Us About Other Income Adjustments".
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‎February 4, 2024
12:46 PM