Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
E
ekellis17
June 3, 2019
Solved

I recieved a 1099 misc for a mortgage note refund, how is that extra income

  • June 3, 2019
  • 1 reply
  • 0 views

I not sure why this is extra income. we refinanced our home, we made the last payment to previous lender, but when current lender paid off loan, our last payment to previous lender was sent back. That money is accounted for on our W2s, correct?

Best answer by MinhT1

This payment does not constitute income. It is just the return of a payment made in error.

You do not need to report it, even if you received a form 1099-MISc from your lender.

1 reply

M
MinhT1Answer
June 3, 2019

This payment does not constitute income. It is just the return of a payment made in error.

You do not need to report it, even if you received a form 1099-MISc from your lender.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification