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from TurboTaxToddL
Was this payment subject to the SEC. 10908 EXCLUSION FOR ASSISTANCE PROVIDED TO PARTICIPANTS IN STATE STUDENT LOAN REPAYMENT PROGRAMS FOR CERTAIN HEALTH PROFESSIONAL?
If so, here are the steps necessary to report the 1099-MISC and the amount to be excluded from your income.
(Since the IRS got a copy of the 1099-MISC, you have to report it on your return).
To report the income:
To report the exclusion:
A corresponding negative amount will be entered, and line 21 will be zero. (See the attached screenshot below. Click to enlarge.) (different descriptions, but still offsetting).
from TurboTaxToddL
Was this payment subject to the SEC. 10908 EXCLUSION FOR ASSISTANCE PROVIDED TO PARTICIPANTS IN STATE STUDENT LOAN REPAYMENT PROGRAMS FOR CERTAIN HEALTH PROFESSIONAL?
If so, here are the steps necessary to report the 1099-MISC and the amount to be excluded from your income.
(Since the IRS got a copy of the 1099-MISC, you have to report it on your return).
To report the income:
To report the exclusion:
A corresponding negative amount will be entered, and line 21 will be zero. (See the attached screenshot below. Click to enlarge.) (different descriptions, but still offsetting).
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