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quiffin
New Member

I already received my refund, but got a 1099 MISC after the fact for about 400$, but my expenses outweighed the income. Is there a simple process, since it won't change?

I also wouldn't mind paying a fee because taxes are a bother and I'd rather just not deal with it.
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1 Best answer

Accepted Solutions
MinhT
Expert Alumni

I already received my refund, but got a 1099 MISC after the fact for about 400$, but my expenses outweighed the income. Is there a simple process, since it won't change?

You'll need to amend your tax return and add the form 1099-MISC and related expenses. Because if you did not, the IRS will find out about the missing form 1099-MISC (as they have a copy) and would tax on the full amount (with deduction of expenses).

Please see the following TurboTax FAQ for instructions on how to amend your tax return in TurboTax.

https://ttlc.intuit.com/replies/3288565


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1 Reply
MinhT
Expert Alumni

I already received my refund, but got a 1099 MISC after the fact for about 400$, but my expenses outweighed the income. Is there a simple process, since it won't change?

You'll need to amend your tax return and add the form 1099-MISC and related expenses. Because if you did not, the IRS will find out about the missing form 1099-MISC (as they have a copy) and would tax on the full amount (with deduction of expenses).

Please see the following TurboTax FAQ for instructions on how to amend your tax return in TurboTax.

https://ttlc.intuit.com/replies/3288565


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

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