Question

Have 1099-nec. told I can use the IRS notice 2014-7. told to only put in misc as a negative w/description of the irs notice. Do i need to add in wages? If Ido I owe

Forum|Forum|4 years ago
April 6, 2022
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TurboTax Self Employed Online

I think what you mean is that you received difficulty of care payments that aren't taxable so you are going to make a negative adjustment to "other income" to cancel out the income. Then, you want to know if you need to report the income that you are canceling. If so, you do need to report the income so the two cancel each other out so your net income is $0.

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