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February 2, 2025
Question

I got my 1099-NEC, but they included an accidental payment that I reversed back to them as part of my income. Is there a way to enter that there was a payment reversal?

  • February 2, 2025
  • 1 reply
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    1 reply

    February 2, 2025

    Report the Form 1099-NEC as you received it and enter the payment reversal amount as a business expense.  

     

    The payment reversal could be entered in the category Other Miscellaneous Expense so that you can enter your own description for the expense and the amount.  

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