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Deductions & credits
Why are you introducing the word "trust"? That is a completely separate and much more complicated topic.
I do not recommend you file today. I recommend you wait for the company to either cancel the W-2 and issue a 1099-MISC, or refuse to do so. You giving the company a fair chance to correct their mistake may help you if the IRS starts asking questions about the missing W-2.
Your state and federal income tax will be the same, whether the income is reported as W-2 wages or 1099-MISC income. The only thing that is different is how you get a refund of the social security and medicare withholding.
‎January 30, 2024
1:18 PM