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February 19, 2021
Question

I received a 1099 nec form. Now im getting a letter stating they are sending out a corrected one because it is now NON TAXABLE. Will this make a difference on my return?

  • February 19, 2021
  • 1 reply
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1 reply

SForrestLO
February 23, 2021

You will need to amend the return. To amend your return, wait to see if your return has been accepted or rejected by the IRS or state. If rejected, you can correct and re-send your return. If accepted you should wait until your return has been processed and you receive your refund or confirmation that any tax due has been paid. If you file an amended return while your first return is being processed it can cause extended delays for both returns if two returns are in the system at the same time. In addition, if the IRS makes any change on your original return, you might end up having to amend the amendment. Amended returns can only be mailed - allow 8-12 weeks - can take up to 16 weeks (4 months) for processing.

 

This Turbo Tax FAQ will show you how to amend your return. How to amend (change or correct) a return you already filed. How to amend

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