Why not simply factor the denominator?
1−x2x+1=− x2−1x+1=− (x+1)(x−1)x+1)=− x−11.
No need to worry about x = 1 because that was precluded by the original problem.
Now if, as SK seems to think, the problem really is to simplify
1−x21x+1,
you cannot multiply by
x2x2 unless the problem says
x=0.
But you may multiply by
1+x21+x2.
But I don't see the point of doing so.
\(\displaystyle \dfrac{x + 1}{1 - \frac{1}{x^2}} = \dfrac{x + 1}{\dfrac{x^2 - 1}{x^2}} =\\
\dfrac{x + 1}{1} * \dfrac{x^2}{x^2 - 1} = \dfrac{x + 1}{1} * \dfrac{x^2}{(x + 1)(x - 1)} = \dfrac{x^2}{x - 1}.\)