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February 16, 2023
Question

MCTR are add to taxable income

  • February 16, 2023
  • 1 reply
  • 0 views

If the MCTR are not taxable why is it add to my taxable income, and drop my refund $200?

    1 reply

    rjs
    Employee
    February 16, 2023

    Income on a 1099-MISC is normally taxable. California sent out the 1099-MISC forms for the MCTR before the IRS announced that it would not be taxable. Just delete the 1099-MISC for the MCTR from your tax return. You don't have to enter it.