Question

Negative number 1099 MISC

Forum|Forum|1 year ago
February 22, 2025
1 reply
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I am trying to enter a negative amount on the 1099-MISC form in Box 3. I have done this for the past several years, but now I am getting an error saying the number "must be at least 0." I am entering a negative amount because it is a nontaxble employer student loan reimbursement.

A

AnnetteB6

If you need to make a negative adjustment to take away income that was reported on Form 1099-MISC, use the steps below to report the income and report the same amount as a negative adjustment. Ignore the messaging that says do not enter Form 1099-MISC in this manner.

Go to the Income section of your return
Scroll to the Less Common Income category
Click Start or Update beside Miscellaneous Income, 1099-A, 1099-C
Scroll to the bottom of that section and click Start or Update beside Other reportable income
Answer Yes
Enter your description and amount for the income you received
Enter your description and a negative amount for the income you received

The end result is that no additional income is reported on your return, but there are two income entries shown on Schedule 1 line 8z.

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L

laericks124Author

Thank you. When I try to move on, I am getting a Check This Entry message saying Form 8919-T: Wages is too small. The negative number I entered is listed on Line 6 of total wages

J

JamesG1

The original IRS form 1099-MISC that you entered has been entered as additional wages that were not reported on a W-2.

This entry was reported under Less Common Income, then Miscellaneous Income, 1099-A, 1099-C, then Other income not already reported on a form W-2 or Form 1099.

Remove your original entry.

Then re-enter the original entry using the steps outlined by @AnnetteB6. Report the income as a positive number.

The entries will offset each other and be listed on line 8z of Schedule 1 of the Federal 1040 tax return.