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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.
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‎June 4, 2019
8:46 PM