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First, you will need to enter the 1099-MISC form on your tax return, After you have entered the 1099, you will be returned to the Here's your work info page. Scroll down and click the button on the left titled Add income for this work. Then take these steps:
If you are deferring income to 2019, don't forget to include it on your 2019 return. Also, keep your documentation to prove your adjustment in your 2018 tax file.
First, you will need to enter the 1099-MISC form on your tax return, After you have entered the 1099, you will be returned to the Here's your work info page. Scroll down and click the button on the left titled Add income for this work. Then take these steps:
If you are deferring income to 2019, don't forget to include it on your 2019 return. Also, keep your documentation to prove your adjustment in your 2018 tax file.
I just tried using this solution, but it seems TurboTax no longer allows a negative number in those fields. Any suggestions?
Even in the past I would enter the full amount as income and then enter the amount reported in the previous year as an expense under Other Misc Exp.
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