How do I claim a loss on a 1099-MISC?

nickcalled · #1 (**permalink**) 02-02-2011, 05:32 PM

I received a 1099-MISC for from a company for which I had participated in market research studies. I was compensated with gratuity items. I sold these items for less than the company claims to have paid me in gratuities. I have bills of sale for each item sold. Preferably using Turbo Tax, how do I rectify what my 1099-MISC says with the amount actually earned?

redwood · #2 (**permalink**) 04-09-2011, 05:48 PM

Did you get an answer on this? I have the same problem.

nickcalled · #3 (**permalink**) 04-09-2011, 07:07 PM

Redwood,

Sorry friend, you asking if I received a reply is the only reply I got, and thats including all the places I posted. I did find out that its not something which can be done on Turbo Tax, you'd have to file manually according to one person I spoke with. Good luck!

Best,
Nick