To report the income:
To enter the expense:
A corresponding negative amount will be entered, and line 21 will be zero. See the attached screenshot example (different descriptions, but still offsetting).
What instructions are you referring to? What "did not work?"
I followed the help instruction to move it to other common income. First one I tried just ended up with me doubling the 1099 amount. I then looked for that ans. again this time it was different and told me to enter a - number. This also came up different. I have trouble when I go into help, each time I get different instruction, but everything said this is not taxable. What I need is instruction and where to enter the 1099misc income and not pay taxes and it was not income but a damage payment
What version of TurboTax are you using? What box is the income reported in?
Before I provide instructions that will work, delete any copies of this 1099-MISC that are in your tax file - also any associated forms or worksheets that may have been created when you entered the 1099-MISC in the first place. Let me know when you have finished.
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To report the income:
To enter the expense:
A corresponding negative amount will be entered, and line 21 will be zero. See the attached screenshot example (different descriptions, but still offsetting).