JV
Returning Member

Should we amend a return to correct a 1099 misc income designation? It was a manufacturer's incentive payment and would change our returns and increase federal return?

I originally put it as miscellaneous sales but it was a manufacturer's incentive payment (husband is car salesman). It is listed as an uncommon situation in the description for the 1099. I did not know that was the correct way to designate it when we originally did our taxes.  Amending the return would change our federal/state returns to increase the federal return and very slightly increase state tax owed.