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Howdy! Thank you for time and assistance. I received a 1099-MISC after filing 02/14/17. I just amended original return; I went from getting money returned to me to owing $963 on the $3329 income this 1099-MISC reports. Did I error on amended filing?

 
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MiriamF
Intuit Alumni

Howdy! Thank you for time and assistance. I received a 1099-MISC after filing 02/14/17. I just amended original return; I went from getting money returned to me to owing $963 on the $3329 income this 1099-MISC reports. Did I error on amended filing?

Probably no, you didn't make an error.

Assuming that $3329 represents your net income after expenses, the self-employment tax alone would be $509. If you are in the 15% tax bracket, the rest of the tax would be income tax.

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1 Reply
MiriamF
Intuit Alumni

Howdy! Thank you for time and assistance. I received a 1099-MISC after filing 02/14/17. I just amended original return; I went from getting money returned to me to owing $963 on the $3329 income this 1099-MISC reports. Did I error on amended filing?

Probably no, you didn't make an error.

Assuming that $3329 represents your net income after expenses, the self-employment tax alone would be $509. If you are in the 15% tax bracket, the rest of the tax would be income tax.

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