Hello. My question is this. I received two separate 1099-MISC from two separate companies for the same prize winnings. One from the actual company that I entered into the sweepstakes with,and one from the company that,I suppose was the sponsor. Do I need to include both,which shows up as winning the same prize twice,or just one of them. If just one,then which one?
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To enter your two 1099-MISC that you received for the same item and remove one from being reported as income sign in to your TurboTax account if it is not open and follow these steps:
Repeat the above steps again this time in step 6 add the amount as a negative value
This will report both 1099-MISC and remove the second one as taxable income.
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