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I sold o&g royalty. Purchaser sent a 1099-MISC "other income". How do I input "income" and then zero it out to satisfy IRS? Will report it as cap gain.
If I don't report it as "other income", IRS will flag it. If I show "in and out" of income and then report as capital gain, reporting will be correct. How do I report a negative income item?
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‎January 1, 2023
2:35 PM