Amend

[sandralc123]

I just received an 1099s form and wanted to know can I add this to next year taxes? I already did my taxes for the year. Or do i need to amend my taxes?

[bluedeb · Accepted solution]

You need to file your 1099 in the year it’s for. If it is for this year you cannot file it with your next year’s taxes. You need to amend your return and add the 1099 form.

[ErnieS0 · Accepted solution]

Amend your 2022 return. As Tax Champ bluedeb says, “You need to file your 1099 in the year it’s for.”

Not reporting a Form 1099-S will likely get you an IRS tax notice. Sometimes someone will sell a home for no profit either because they were eligible for the home sale exclusion or they sold their home at a loss.

They don’t report the sale on their tax return. However, if the IRS gets a 1099-S, IRS will assume the entire sale was profit, unless you amend your return and tell them otherwise.

See How to Correct Federal Tax Returns and How do I amend my federal tax return for this year?