You can "not report it" or report it and then subtract it out to be able to continue and file.
If the Payer reports the payment as VOID to the IRS, you may not get a new 1099-MISC.
Keep a copy of the 1099-MISC and confirmation that it was issued in error, such as correspondence from the payer, with your tax file.
In order to report it (but not have it added as income) follow these steps.
Enter the 1099-MISC under
Wages & Income
1099-MISC and Other Common Income
Income from Form 1099-MISC START
Once that entry is done, go to:
Wages & Income
Less Common Income
Miscellaneous Income, 1099-A, 1099-C
Other reportable income START
Type " 1099-MISC VOID" or something similar for the Description
Enter the same amount AS A NEGATIVE NUMBER (put a minus sign in front (-) )
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