Filed our taxes and wasn't expecting this.
2021, invested $5K into a business looking at a tiered performance-based awards ROI.
2022, the company decided it was taking a different route and offered the capital back (NOTE REPAYMENT) if I no longer wanted to invest given the new direction of the company. I opted to get my capital back.
I've already filed my taxes this year, as being retired and not having excised anything, they were pretty basic until I received a 1099-MISC from this company on February 10th, 2023 (which is late) for my investment stating that it's income. I have the contract stating it's a "Note Repayment and Termination Agreement".
Do I need to file an amended return? Is a 1099-MISC the correct way they should have filed for a repayment of capital investment?
To me, something about this just rubs the wrong way?
Thanks in advance for any help and advice.
