No. Your employer did not correctly report you bonus.
The IRS says:;
During an examination of the taxpayer's 2019 employment tax returns, the examiner found the taxpayer filed both Form W-2 and Form 1099-MISC for several workers. The taxpayer explained that the amounts reported on the Forms 1099-MISC were year-end bonuses paid to employees. Since bonuses were paid to workers for services performed as employees, the bonus payments are considered additional wages subject to employment taxes. The examination would not be considered a worker classification issue.
Form W-2 and Form 1099-MISC Filed for the Same Year
To report this correctly in TurboTax:
- Delete your 1099
- Click on Federal in the left column
- Scroll down to Less Common Income. Select Show more.
- Start Miscellaneous Income, 1099-A, 1099-C
- Start Other income not already reported on a Form W-2 or Form 1099 (even though it was reported on a 1099)
- Say YES to Did you receive any other wages?
- Continue to Any Other Earned Income
- Say Yes to Did you earn any other wages?
- Check Employee compensation that was not reported on a W-2
- Fill out the information. When you get to Report Your Wage Income the reason code will be H
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