DawnC
Expert Alumni

Investors & landlords

It might be an error on your 1099-MISC.  Contact the issuer to ensure the form is correct.   The amount (usually in box 3) should be for the gross amount paid to you in 2021 by the client/issuer.  Box 4 should have the total of all FEDERAL income tax withheld by the issuer.    

 

They issuer may be withholding taxes for federal (IRS) and your state.   Amounts withheld for state taxes will be in Box 16 of Form 1099-MISC.   These are not the same as the taxes in Box 4.

 

@brkirchh

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