Is there a minimum amount difference between the original and corrected 1099 to file an amendment? I have a difference of 29 cents in the corrected 1099. Please suggest.

posted

Connect with an expert

2 Replies

Is there a minimum amount difference between the original and corrected 1099 to file an amendment? I have a difference of 29 cents in the corrected 1099. Please suggest.

I would not amend for 29 cents. The most that it could do would be $1 change in income that probably would have a zero tax change.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Is there a minimum amount difference between the original and corrected 1099 to file an amendment? I have a difference of 29 cents in the corrected 1099. Please suggest.

Thank you for the response. Appreciate it!

Still have questions?