I need to adjust W2 income for amounts I've paid to a Nominee, and reported to them on a 1099Misc (under the terms of a divorce decree).
There seems to be no way of entering this adjustment (it should be made on Schedule 1, line 24z).
Any suggestions? thanks.
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Seems that the only effective and available workaround is to enter the (negative) amount on Schedule 1, line 8z (or via -> wages & Income -> less common income -> miscellaneous Income... -> other reportable income).
It appears this has the same result as entering the (positive) amount on line 24z, and as long as it's appropriately labelled should be acceptable (to the IRS).
Yes, this is an acceptable method to back out the income. Make sure you enter an accurate description, such as "Nominee income reported on 1099‑MISC" so it is appropriately labeled.
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