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Solved

1099-NEC that is incorrect

Forum|Forum|2 years ago
April 14, 2024
2 replies
0 views

If I receive a Form 1099-NEC that is incorrect, showing a higher amount than the actual earnings I made (for example, I only earned $2000 but the payer reported $3300 on the Form 1099-NEC), and I am unable to contact the payer to correct the Form 1099-NEC, what should I do?

1099

Best answer by Vanessa A

To enter and remove the self-employment income take the following steps:

Income
1099-NEC under Other Common Income
Enter the information from the 1099-NEC

Then you will take the following steps to remove the income:

Income
Less Common Income
Miscellaneous Income
Other Reportable Income
Answer Yes to Any Other Taxable Income
Enter the description such as 1099-NEC received for overreported
Enter the amount on the 1099-NEC as a negative number.

Employee

Could they have included items they reimbursed you for or paid you?

Vanessa AAnswer

To enter and remove the self-employment income take the following steps:

Income
1099-NEC under Other Common Income
Enter the information from the 1099-NEC

Then you will take the following steps to remove the income:

Income
Less Common Income
Miscellaneous Income
Other Reportable Income
Answer Yes to Any Other Taxable Income
Enter the description such as 1099-NEC received for overreported
Enter the amount on the 1099-NEC as a negative number.

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