I received a corrected 1099 misc after I filed my federal taxes. What do I do ?

Forum|Forum|7 years ago
June 3, 2019
10 replies
93 views

The difference is $160 more than the original 1099 misc.

TurboTax Deluxe Online

Mock

Level 9

If you have already e-filed or mailed the return, then you will need to wait until the IRS has accepted or rejected that return before you can make any changes.

If they reject it, then just make the needed changes (add your corrected 1099-MISC) and re-submit the return.
If they accept it, then you will need to wait until you have received your refund and then amend that return to make changes (add your corrected 1099-MISC). You will need to send in any forms that caused the need for an amendment (Original 1040 Form, new 1040X Form. Print, sign and mail your forms to the IRS.

Click here for instructions for amending a return.

erblaser

Level 3

What about the State return? Do I have to pay again to submit an amended state return?

WendyN2

Level 9

If your State return bottom line was also affected by this correction, then yes, you will have to also file an amended for the State.

If the information you need to Amend in TurboTax requires an upgrade to the next level of TurboTax, you will be prompted to upgrade which will result in an additional cost. You can review your fees to see a breakdown of what you are being charged for.

Otherwise, there is no fee.

erblaser

Level 3

The corrected form shows a $3 reduction in the amount of a loss in the brokerage 1099 form. Do you still need to file an amended tax form, even for such a small amount?