Question

Is there a way to report a Form 1099-MISC that is in error on Schedule 1, line 8z and then deduct the amount back out on Schedule 1, line 24z

Forum|Forum|4 years ago
March 6, 2022
1 reply
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I received a Form 1099-MISC for underwithheld Section 125 medical insurance for my spouse but that underpayment has been refunded to my employer.

TurboTax Premier Online

Yes, you can enter it as a Negative Adjustment on line 8. To do so, while in your return:

Click on Federal
Click on Income & Expenses
Scroll to the bottom of the "Your income and expenses" page, and click on "Less Common Income"
Click on "Show more"
At the bottom of the page, next to "Miscellaneous Income..." click on Start/Revisit
Other reportable income - click on Start, then answer Yes
Give a description and enter amount as a negative number
This amount will also be reported on line 8 of Schedule 1 and offset the 1099.

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