turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I am trying to enter a 1099-MISC with a negative number, but it won't let me add the 1099. I want to do this because of : https://ttlc.intuit.com/questions/4189337

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
JulieCo
New Member

I am trying to enter a 1099-MISC with a negative number, but it won't let me add the 1099. I want to do this because of : https://ttlc.intuit.com/questions/4189337

The negative amount does not get entered as a 1099 MISC.  From the self-employment entry screen you would select to enter Other Self-Employment Income and then enter the negative amount on that screen along with an explanation (enter the minus sign before the number).  See the sample screenshots below.

To be brought to the self-employed income section in TurboTax, take the following steps:

Type Schedule C in the Search box and then select the Jump to link.  You may first be asked some general questions about your business. After you answer them, you’ll be taken to the Let's enter the income for (your line of work) screen where you can enter this income as Other self-employed Income.



I am trying to enter a 1099-MISC with a negative number, but it won't let me add the 1099. I want to do this because of : https://ttlc.intuit.com/questions/4189337

Thank you for your response. However once I entered the negative income ($-10,000) my federal tax refund dropped and my income and adjustments increased.  I thought it should be the other way around.  I tried putting a positive number ($10,000) and my refund increased but the taxable income increased. This does not seem right to me.

I am trying to enter a 1099-MISC with a negative number, but it won't let me add the 1099. I want to do this because of : https://ttlc.intuit.com/questions/4189337

Sorry for the part where I tried putting a positive number ($10,000) my refund increased and my taxable income decreased.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question