@jdm1975 wrote:
Thanks for the reply! The 1099-INT that I filed was for 1429.65, the correct amount should have been 1729.65. Citibank under reported 300.00. Problem is, the corrected 1099-INT that Citibank sent me (and the IRS) only shows 1029.65, the corrected savings account interest amount, NOT the total of savings and checking accounts, which would be the 1729.65.
So the honest thing would be to amend to report the extra $300, the actual tax return does not list individual 1099s, just the total. I think its unlikely the IRS would bother you for reporting more income than they have matching records for, but his they did, you can easily explain. You could also leave things as-is, since the 1099 is being reduced, there is not an increase to trigger a review.
