- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
According to the IRS, if you receive an incorrect 1099-K, and the issuer will not correct it, you should take the steps below:
"If you received a Form 1099-K by mistake or if the form you received has incorrect information, contact the issuer of the Form 1099-K immediately. The issuer’s name appears in the upper left corner on the form along with their phone number.
If you can’t get a corrected Form 1099-K, report as follows:
Same as personal assets sold at a loss except changing the description as follows:
- Part I – Line 8z – Other Income – Form 1099-K Received in Error
- Part II – Line 24z – Other Adjustments - Form 1099-K Received in Error"
Also, since your SSN was used, you may want to contact the IRS to deal with any Identity theft issues that may arise.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 23, 2023
1:15 PM