Hello.
I filed my tax return and received a letter that the return is under review. I figured out that I entered information from a 1099-NEC into the W2 section and read online that I should file an amended return as soon as possible, but I can't figure out how to do that. I've read through other posts and can't find a way to "amend." Can I get some steps to follow, please? Thank you.
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Since you already received a review letter from the IRS, your best option is to wait until you hear from them. In most cases, reporting income in the wrong place doesn't affect the tax you owe or the refund you will receive. This is mostly an administrative review to match the IRS records with the information on your return.
If you decide to go ahead and file an amended return, follow these instructions: How to File an Amended Tax Return with the IRS.
Thank you for the information. I really appreciate it.
1099-NEC requires you to file Schedule C, which you did not include with your original 1040.
IRS may do the calculation for you.
More likely they will ask you to make the changes.
If IRS does the adjustments, they won't add any deductions available to you since they don't know what they are.
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